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    Finished galvanized steel coils await roll of the hot dip galvanizing line at ArcelorMittal Steel in Cuyahoga Heights, Ohio Friday, Feb. 15, 2013

    Canada Cuts Taxes for Aluminum, Steel Imports to Offset US Duties

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    WASHINGTON (Sputnik) - Canada moved to ease pressure on domestic aluminum and steel makers from US tariffs by cutting a surtax on imports for both products, the nation’s Finance Department said in a press release on Wednesday.

    “The government of Canada is standing up for Canada's steel and aluminum industries, while supporting Canadian workers and businesses,” the release stated. “As part of its ongoing efforts, today the government is announcing new targeted surtax relief on imports of steel and aluminum products.”

    The release called US tariffs on Canadian steel and aluminum imposed in July “unjustified and unproductive,” while noting that Canada imposed reciprocal countermeasures on US exports in July.

    The import surtax reductions announced on Wednesday are a continuation of Ottawa's response to support Canadian producers and manufacturers, while the Canadian government works toward the complete repeal of US tariffs on Canadian steel and aluminum, the release said.

    READ MORE: Japan Wins WTO Ruling Against India's Tariffs on Iron, Steel Imports

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    tariffs, aluminum, steel, Canada, United States
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