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Trump Trade War - US and Canadian group condemns steel tariffs

Steel News - Published on Fri, 23 Nov 2018

Image Source: Spokane University District
Canada Construct Connect reported that the Pacific NorthWest Economic Region is sounding the alarm on unilateral steel and aluminum tariffs between the US and Canada. The PWNER Foundation is a statutory public/private nonprofit created in 1991 by the states of Alaska, Idaho, Oregon, Montana and Washington, the provinces of British Columbia, Alberta, Saskatchewan, Yukon and the Northwest Territories. PWNER president Larry Doke, MLA Saskatchewan, at the PNWER Economic Leadership Forum in Whitehorse, Yukon this month said that “When markets are open, and goods are transported freely across borders, the results are economic growth, new businesses and more and better job opportunities for individuals.”

Mr Oregon Sen. Arnie Roblan, past president of PNWER, echoed the comments, adding that in the Pacific Northwest, the US and Canada are stronger by working closely together.

Mr Roblan in a release said that “Our relationships are intact because of the ongoing partnerships in every major sector of our economy, and in state, provincial, territorial, local, and tribal governments. The US should exempt Canada from any steel and aluminum tariffs, which are causing significant disruption to the largest trading relationship in the world.”

According to PWNER, the US and Canada have the largest trading relationship in the world, and in the Pacific Northwest, residents benefit from the two-way trade of over $630 billion annually, of which about USD 29 billion is in the Pacific Northwest.

Data from the CD Howe Institute anticipates the tariffs may cost the both countries over USD 11 billion combined and could causes the loss of over 6,000 jobs.

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Posted By : Ratan Singh on Fri, 23 Nov 2018
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