Sisi Chan

Steel sector praises new tariff measures, but says more needs to be done

Canada’s steel industry breathes a sigh of relief as Prime Minister Mark Carney announces new measures. These changes are particularly aimed at aiding steel and lumber producers by placing restrictions on the entry of foreign steel into Canada and reducing rail transport fees. For further information on Prime Minister Mark Carney and the U.S. Tariffs, see the provided hyperlinked sources.

Discord emerges despite supportive measures. Canadian Steel Producers Association’s CEO, Catherine Cobden, voices her concerns over the measures failing to wholly compensate for the loss of accessibility to the U.S. market. While they are welcomed relief, Cobden believes Canada’s steel industry needs more.

Cobden also raises concerns over Ottawa’s decision to extend a relief program for some steel importers, a move perceived to weaken Ottawa’s retaliatory tariffs on U.S. steel. She plans to hold the federal government accountable for ensuring the end of the remission program come January.

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