Canada, tariffs and Carney
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Today, the Prime Minister, Mark Carney, announced a suite of targeted measures to stand behind Canada’s steel industry, protect Canadian careers, and invest in our homegrown industrial capacity to build Canada strong. Canada’s new government will:
Canadian Prime Minister Mark Carney on Wednesday said that Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
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Prime Minister Mark Carney promised to further crack down on the amount of cheap, foreign steel entering the Canadian market by the end of the month, as the domestic industry continues to be clobbered by U.
The announcement at a Hamilton steel plant follows a similar press conference in Ottawa last month when Carney announced a first round of trade protections for Canadian steel mills as a response to United States President Donald Trump’s decision to raise tariffs on steel imports to 50 per cent from 25 per cent.
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Prime Minister announces package that includes caps on imported steel, prioritizing use of Canadian steel in government procurement, and $70 million to help steel workers get retrained.
It has been more than a month since U.S. President Donald Trump doubled tariffs on steel and aluminum products from 25 to 50 per cent.