17
Jul
Ottawa (Rajeev Sharma): In a bold move to protect Canada’s domestic steel sector from global trade disruptions and unfair pricing practices, Prime Minister Mark Carney on Wednesday announced a sweeping series of tariffs and trade safeguards, signaling a more aggressive stance on imports. The centrepiece of the new strategy is a tariff rate quota targeting countries with which Canada has free trade agreements, excluding the United States. Imports from these countries that exceed 2024 volume levels will be hit with a 50% tariff, a measure designed to deter trade diversion and stabilize domestic production. In addition, steel imports containing material…
