USMCA Watch: Union Against Ratification as Canadian Steel Heads to Mexico — Panjiva
Más

Panjiva_research_logo

USMCA Watch: Union Against Ratification as Canadian Steel Heads to Mexico

Canada 394 Materials - Metals/Mining 594 Metals - Aluminum 185 Metals - Steel 421 Mexico 649 Tariffs 1551 U.S. 4203 USMCA 409

Canada’s United Steelworkers’ union has called on the government to reject the U.S.-Mexico-Canada Agreement (USMCA) until U.S. tariffs on steel and aluminum have been removed. If anything Canada has been “winning” the steel and aluminum trade war. U.S. imports from Canada fell $507 million year over year in the six months since the tariffs were applied, while exports to Canada fell $713 million. In the meantime shipments from Canada to Mexico have increased as regional supply chains adjust to tariffs. Mexican imports of steel and aluminum from Canada have climbed 7.9% year over year in t...

Copyright © 2020 Panjiva Supply Chain Intelligence, a product offering from S&P Global Market Intelligence Inc. All rights reserved.