The U.S. Department of Commerce announced plans to implement additional tariffs on certain steel-based household appliances, such as dishwashers, washing machines, and refrigerators, beginning June 23. These new measures target "steel derivative products" as part of the broader strategy. In light of this decision, Dominic LeBlanc, Canada's Minister of Canada-U.S. Trade Affairs, expressed significant concern regarding the impact on Canadian businesses and workers, highlighting the immense uncertainty they now face.
LeBlanc pointed out that the increased tariffs on steel and aluminum not only threaten Canadian industries but also pose substantial risks to the American economy. He criticized the policy, suggesting that it inflicts unnecessary economic harm on both sides. While Canada is actively working on countermeasures, these efforts inevitably bring about economic challenges domestically.
Despite the tensions, LeBlanc remains hopeful that the United States will reconsider its approach due to the negative economic consequences of its current stance. He noted that the longstanding trust in the U.S. as a reliable economic partner has been damaged. Without a timely resolution, Canada may resort to imposing retaliatory tariffs against the increased U.S. tariffs on its steel and aluminum sectors.
LeBlanc emphasized that while Canada is eager to continue collaborating with the United States, this cooperation depends on the U.S. lifting its tariff sanctions against Canada's automobile, steel, and aluminum industries.
