Just the Facts
Facts on Select Canadian Industries Impacted by Tariffs
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Effective May 20, 2019, the United States eliminated tariffs on imports of Canadian steel and aluminium, and Canada eliminated countermeasures related to those tariffs. Accordingly, the table below will no longer be updated after the release of September 2019 data.
Steel Industry
On June 1st, the United States implemented tariffs of 25% on selected steel products. Statistics Canada estimates that a $1 million reduction in steel exports results in the loss of $0.66 million of value added and 5.25 jobs. On May 17th 2019, it was announced that the US tariffs on imports of Canadian steel products would be lifted in a matter of days.
Aluminum Industry
On June 1st, the United States implemented tariffs of 10% on selected aluminum products. Statistics Canada estimates that a $1 million reduction in aluminum exports results in the loss of $0.62 million of value added and 4.64 jobs. On May 17th 2019, it was announced that the US tariffs on imports of Canadian aluminum products would be lifted in a matter of days.
Lumber Industry
Since April 2017, the United States has implemented various tariffs on softwood lumber products.
Automobile industry
The United States is considering implementing new tariffs on automobiles. Statistics Canada estimates that a $1 million reduction in automotive exports results in the loss of $0.39 million of value added and 2.99 jobs.
Auto parts industry
The United States is considering implementing new tariffs on automobiles. Statistics Canada estimates that a $1 million reduction in automotive exports results in the loss of $0.39 million of value added and 2.99 jobs.
Dairy Products
Imports of certain dairy products are controlled via a tariff rate quota system. Importers are allotted a quota to import specific products. When goods are imported within the quota, the tariff is zero or low. When imports exceed the quota, they are subject to higher tariff rates depending on the product.
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