MILWAUKEE, Wis. (RFD News) — Farm equipment groups are raising concerns as Canada prepares to double its tariffs on American steel and aluminum beginning next month.
Kip Eideberg with the Association of Equipment Manufacturers said Canada remains the industry’s most important export destination.
“The U.S. piece of that industry currently runs about a $5.5 billion trade surplus with Canada. So Canada is by far our most important export market. About 30% of the equipment made in the United States is destined for export, and a significant portion of that goes to Canada. Now, we also import parts, components and equipment from Canada. As I said, the delta there is about $5.5 billion in the U.S.'s favor.”
Eideberg said a number of parts and components used in equipment manufactured in the U.S. are made in Canada.
He warned that buyers will ultimately feel the greatest impact.
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