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May 20, 2019
2019-0963

Canada and US agree to remove tariffs and retaliatory surtaxes on steel and aluminum imports

The US and Canada have agreed to eliminate, within two days from the announcement, all US Section 232 tariffs on Canadian steel and aluminum, and all Canadian retaliatory tariffs on imports of US steel, aluminum and various other consumer goods (e.g., lawn mowers, whiskies) and industrial goods. Effective May 19, Canada has repealed the United States Surtax Order (Steel and Aluminum) and the United States Surtax Order (Other Goods), and Canadian importers are no longer required to pay surtax pursuant to the orders.

A Tax Alert prepared by Ernst & Young Canada, and attached below, provides additional details.

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Full text of this Tax Alert

 

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