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Canadian Prime Minister Mark Karnya will introduce steel offering and aluminum imports and can increase the leisure in the US, as increasing protectionist measures are placed in the world tariff war with the most important industrial materials.
Carney said on Thursday that Canada would “set up” its 25 percent counter-import tariffs from the US, based on how negotiations with Washington advanced to July 21.
As an anti -dumping measure, Canada will also apply new tariffs for any 2024 level raising.
Submission come after the “catastrophic” US President Donald Trump tariffs Aluminum also on Canadian steel earlier this month.
Canadian Finance Minister François-Philippe Champagne said the quotas were launched for “stabilizing the domestic market and preventing harmful trade sabotage as a result of US-destabilizing markets.”
Karni added: “Steel from other countries from third countries begins to come to Canada when we do not protect our branch, so we set these quotas.” Action measures are probably directed to China, which already has 25 % Surtax in Canada when importing steel and aluminum.
Ottawa will also start buying Canadian steel and aluminum for domestic infrastructure projects, protection and automotive industry costs, said the Prime Minister.
“Steel and aluminum workers are on the front of this trade crisis. These are workers to help us build one strong Canadian economy,” Carney said in Ottawa.
But Catherine Cobden, President of the Steel Producers Association, and Marty Warren, National Director of United Steelworkers Union by Canada, said the government’s decision “does not fit what our industry needs.”
“We will continue to review the details of measures and work constructively with the federal government to get a plan that works for Canadian steel and thousands of workers that make up our sector,” the statement said.
On Monday, during the G7 summit in Cananoskis, Albert, Carney met Trump to discuss a new economic partnership and security. “We agreed to negotiate in the next 30 days,” the Prime Minister published on x on Monday afternoon.
Trump on June 4 submitted 50 percent of tariffs At imports, the US aluminum also increases the 25 percent rate, which is applied in March.
At that time, the steel industry of Canada called a doubling of tariffs as a “catastrophic” for a sector that faced extensive work loss and shutdown.
Canada It is the largest supplier of two metals in the US, which is almost a quarter of steel imports in the US in 2023 and about half of aluminum imports last year.
The steel sector is an industry of $ 15 billion ($ 11 billion), which operates $ 23,000 and supports additional 100,000 indirect jobs, CSPA reports.
Carney said he supported Trump’s “often on a number of questions”, and these recent measures will support the steel industry, while Ottawa is negotiating a new trading contract with the White House.
In this story were amended to clarify the measures announced by Canada
