Canada to impose new tariffs on steel imports

 
Jessica Clark
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Trump Administration Imposes Tariffs On Canadian Steel
The government is attempting to safeguard Canadian businesses amid concerns that a rise in steel makers shut out of the US will seek new customers in Canada (Source: Getty)

Canada is set to impose new quotas and tariffs on imports of steel, the government has announced, in a bid to prevent a potential increase in imports.


A tariff of 25 per cent will apply to seven steel products from 25 October, the Department of Finance said, in "cases where the level of imports from trading partners exceeds historical norms".

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The government is attempting to safeguard Canadian businesses amid concerns that a rise in steel makers shut out of the US will seek new customers in Canada.

"Provisional safeguards are intended to provide Canadian steel producers and workers relief from the harm caused by excessive imports of steel products into Canada," the government said.


"The government is requesting that the Canadian International Trade Tribunal (CITT) conduct an inquiry to determine whether final safeguards are warranted. The provisional safeguards will be in place for 200 days pending the CITT's findings."

Tariffs will apply to heavy plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, stainless steel and wire.

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