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International Trade committee That's right.
May 30th, 2024Committee meeting
François Desmarais
International Trade committee As far as I know, the Canadian law was modernized in 2018 or 2019, while the Americans modernize their anti-circumvention law on a regular basis. Last time I checked, I believe the U.S. had 37 steel-related anti-circumvention cases in particular. Clearly, there are global trends to divert steel inventories in order to avoid tariffs and countervailing duties.
May 30th, 2024Committee meeting
François Desmarais
International Trade committee Yes, absolutely. I could also briefly mention three.
May 30th, 2024Committee meeting
François Desmarais
International Trade committee First of all, one of the big differences between Canada's system and that of the United States is that, over there, the Commerce Department can take care of identifying cases of circumvention itself, whereas here, the Canadian government expects the industry to do so. Yet, if the government were to take care of certain cases, it would allow more to be spotted.
May 30th, 2024Committee meeting
François Desmarais
International Trade committee Yes. We firmly believe that, if we align our trade remedy system with that of the Americans, we will send a strong signal to Washington showing that we understand the new challenges we face in international trade, that we share the same fears, that we are on the same wavelength and that we want to collaborate and have a beneficial partnership for all.
May 30th, 2024Committee meeting
François Desmarais
International Trade committee Thank you for your question. The U.S. market remains absolutely essential to our producers here at home. Over 50% of our production is sold in the United States. An average of $8 billion U.S. in trade goes to the U.S. every year, not counting all the U.S. steel that comes into the country.
May 30th, 2024Committee meeting
François Desmarais