1 week ago
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Canada’s Prime Minister Mark Carney has announced that the country will restrict tariff-free import of cheap, foreign steel to help domestic manufacturers reeling from levies imposed by the US.
Speaking at a news conference in Ontario, Carney also pledged to diversify its trading partners away from the US and prioritise the use of Canadian steel.
The announcement comes in the wake of punitive tariffs imposed by President Donald Trump – first a 25 per cent levy on Canadian steel in March, later doubling it to 50 per cent in June.
On Tuesday, Carney raised the possibility that US tariffs may remain in place even after a bilateral agreement.
English (US) ·