Canada includes EWP to retaliatory 10% surtax
Friday 6 Jul 2018So, it's started. Canada has implemented countermeasures on U.S. imports of steel, aluminium and other products including plywood, effective 1 July in response to U.S. tariffs. In a statement, Canada's Dept. of Finance said it had taken into consideration feedback received from Canadians through over 1,000 submissions during public consultations.
The surtaxes are to be imposed on C$16.6 billion-worth of imports of steel, aluminium and other products from the U.S., representing the value of 2017 Canadian exports affected by U.S. measures. Included in the 10% surtax are plywood, veneered panels and similar laminated wood.
The notice stated that the countermeasures would remain in effect until the U.S. eliminates trade-restrictive measures against Canadian steel and aluminium products. To view the notice and tables listing imports that are subject to 25% and 10% tariffs, click here
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