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Canada Strikes Back: New Steel Import Limits Aim to Shield Domestic Industry
In a bold move to counter the economic strain caused by steep U.S. tariffs, Prime Minister Mark Carney announced new measures to protect Canada’s steel industry. The federal government will impose tariff rate quotas on foreign steel imports, particularly from countries without a free trade agreement with Canada, capping them at 2024 levels.
This decision comes in response to U.S. President Donald Trump’s recent hike in steel and aluminum tariffs—from 25% to a punishing 50%—which has led to a sharp decline in Canadian exports and mounting job losses. Carney emphasized that the new quotas are designed to make Canadian steel more competitive and prevent market destabilization caused by global overcapacity and unfair trade practices.
If ongoing trade negotiations with the U.S. fail to yield results by July 21, Canada is prepared to escalate its counter-tariffs on American steel and aluminum products. Additional measures include restricting federal procurement to Canadian and trusted trade partners, and launching task forces to monitor the steel and aluminum sectors.
Carney summed up the urgency: “We must reinforce our strength at home and safeguard Canadian workers and businesses from the unjust U.S. tariffs that exist at present”. The government’s swift action signals a firm stance in defending national industry amid turbulent trade relations.
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