Sisi Chan

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

The introduction: Catherine Cobden, CEO of Canadian Steel Producers Association, expressed mild disappointment with Ottawa’s extension of the remission program for some steel importers. The industry had hoped that the retaliatory tariffs on U.S. steel would have a more significant effect.

Carney’s measures: Prime Minister Carney announced measures to tighten foreign steel quotas in Canada and to reduce freight rates for materials crossing provincial lines. These steps are welcomed, but not seen as fully offsetting the loss from US market restrictions.

Industry reaction: Cobden points out that while the measures are beneficial, they will not entirely compensate for the loss of the U.S. market. She echoes the industry’s call for further relief.

Federal government commitment: Cobden agrees with the government’s commitment to end the remission program by the end of January, three months past the original deadline.

Navigating to other related content, readers might find an article about the budget deficits faced by Canadian provinces. Another intriguing piece explores the influence of a Trump donor on the Gordie Howe bridge threat. An article comparing the cost of charging electric vehicles with gasoline could prove informative for technology enthusiasts. Finally, innovators might appreciate a story about an Alberta startup that has launched an AI-powered law service.