May 20, 2019 – Ottawa, Ontario – Department of Finance Canada
When the United States imposed unjustified tariffs on Canadian steel and aluminum, the Government of Canada stood up for our country’s steel and aluminum workers, industries, and communities – imposing reciprocal, dollar-for-dollar countermeasures against imports of steel, aluminum, and other products from the U.S., to encourage the full removal of the U.S. tariffs.
Canada stood firm and did not back down until this outcome was achieved on Friday, May 17, when the U.S. announced that it would eliminate tariffs on Canadian steel and aluminum within two days. Canada also agreed to eliminate its countermeasures against the U.S.
Consequently, Finance Minister Bill Morneau announced that effective today, Canada is lifting its retaliatory countermeasures against the U.S.
These recent actions taken by Canada and the U.S. will allow our closely linked economies to be more competitive around the world, creating good, well-paying jobs for our citizens, and improving our combined security.
The Government of Canada will continue to ensure that Canada’s steel and aluminum industry and workers have the support they need to be competitive and to succeed, building on the more than $2 billion in program support already in place.
“With these developments, Canadian and American businesses can now get back to what they do best: working together constructively and supporting good, well-paying middle class jobs on both sides of the border. The removal of tariffs and countermeasures is a true win-win for everyone involved, and great news for Canadian and American workers, for our communities, and our economies.”
– Bill Morneau, Minister of Finance