Prime Minister Mark Carney has announced new measures he says are aimed at protecting Canada’s steel industry that include targeting metal that comes from China. Countries without a free trade agreement with Canada are likely to feel the biggest change, with Canada changing its tariff-rate quota from 100 per cent to just 50 per cent of 2024 volumes. Additional duties will also be imposed on 25 per cent of steel imports from all non-U.S. countries that contain steel melted and poured in China before the end of July.
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- Canada targets China with higher tariffs as part of steel industry measures