The Trump Administration announced May 31 that it will impose tariffs on imports of steel and aluminum from Canada, the European Union and Mexico effective June 1, 2018. The new tariffs will be 25% for steel and 10% for aluminum.
In response, Canada announced it will retaliate by imposing its own countermeasures against imports of selected U.S. products equal to the value of Canadian goods affected by the U.S. tariffs. Included on the list of proposed retaliatory actions that Canada released today is a 10% surtax on imports of U.S.-manufactured mattresses. Click here to review the full list of products that Canada proposes to target for retaliation.
Parties may submit written comments opposing Canada’s proposed retaliatory action. The deadline for those comments is June 15, 2018. Canada’s final retaliation list and new surtaxes will take effect on July 1, 2018.
Mexico and the EU are expected to take their own retaliatory actions in response to the U.S. steel and aluminum tariffs, but it appears neither jurisdiction will target mattresses. For example, mattresses are not among the products against which the EU has stated it will retaliate. We also have not seen mattresses mentioned in press reports concerning Mexico’s planned response to the U.S. action.
Please contact Marie Clarke, email@example.com, ISPA vice president for government affairs, if you have questions about this trade dispute.