Among the new measures is further limiting foreign steel imports from countries without a free trade agreement with Canada — from 50 to 20 per cent of 2024 levels — a measure largely aimed at reducing Chinese steel imports.
Canada had already reduced those quotas in July, from 100 per cent to 50 per cent, and has imposed a 25 per cent surtax on steel and aluminum goods that originate from China, with the latter being Canada’s second-largest source of steel imports.
Carney
made the announcement in Ottawa on Wednesday, as trade talks with the
U.S. remain stalled after the fallout over Ontario’s anti-tariff ad last
month ...
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