INSUBCONTINENT EXCLUSIVE:
after the United States doubled tariffs on these imports to 50% earlier this month.This move, confirmed by official government statements
tariffs.They have set a deadline: if the two countries do not reach a new trade agreement by July 21, Canada will raise its own
counter-tariffs on American steel and aluminum.These tariffs will match or exceed the U.S
hikes, depending on the progress of ongoing talks
This approach aims to pressure the U.S
into a fairer deal while giving both sides time to negotiate.Canada Draws the Line: Steel and Aluminum Tariff Battle with U.S
(Photo Internet reproduction)Canada is also introducing a tariff rate quota system that will cap steel imports from countries without free
Trade AdvantageThe Canadian Steel Producers Association has warned that such a flood could depress domestic prices and hurt Canadian firms
Starting June 30, Canada will implement reciprocal procurement policies.These rules will shut out U.S
suppliers from Canadian federal contracts unless American authorities grant Canadian firms equal access to U.S
government contracts.This move directly targets the U.S
market advantage and is intended to protect Canadian businesses from unfair competition
The government has also set up new task forces to monitor trade and market trends in steel and aluminum.These groups will ensure quick
responses to any market disruptions
To support affected companies, Canada will maintain a $10 billion loan facility, providing financial relief and stability for large metal
trade actions.He has also warned that the ongoing trade conflict, if not resolved, could have broader effects on commodity prices and global
avoid being a dumping ground for foreign goods.The government insists it will not wait passively and will take further steps if necessary
This dispute highlights the risks of trade wars and the importance of stable, reciprocal agreements between major trading partners.
