Union against USMAC ratification news by Hebei Longsheng
| Union against USMCA ratification as Canadian steel heads to Mexico 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 the second half of 2018 and by a further 15.8% in the first two months of 2019. Leading participants in Canada-to-Mexico shipments include capital goods manufacturer Superior Industries, metals trader Sumitomo and metals producers Essar and ArcelorMittal. |
