Canada to target steel originating from China with new tariffs

By David Baxter Steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump’s ongoing global trade war, Prime Minister Mark Carney said on Wednesday. The prime minister toured a steel manufacturing company in Hamilton before announcing a suite of measures to protect the Canadian steel industry. The visit comes more than a month after Trump hiked tariffs on steel and aluminum to 50 per cent from 25, but for now Canada is still not adjusting its retaliatory tariffs on some U.S. steel and aluminum products that have been in place since the spring. Wednesday’s announcement included a new 25 per cent tariff on all steel products that contain metal melted and poured in China by the end of the…

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