Explained Statistics Canada Wednesday last week: On June 1, 2018, the United States implemented additional tariffs on selected Canadian steel and aluminum products exported to the United States. The additional tariff rates are 25% and 10% respectively. According to Statistics Canada’s international merchandise trade customs-based data, in 2017, the export value of aluminum products that are subject to the 10% rate was $9.2 billion; and the export value of steel products that are subject to the 25% rate was $7.2 billion.
In response, on July 1, 2018, Canada imposed tariffs on the imports of certain products from the United States. These tariff rates are also at the 25% and 10% levels. The tariffs cover a diverse range of products and primarily fall under the categories of aluminum products; articles of iron and steel; prepared foodstuffs; paper products; machinery and electrical equipment; and other miscellaneous manufactured items. In 2017, the import value of US goods that may be subject to the proposed tariffs was $16.6 billion.