Sisi Chan

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

The head of Canada’s steel industry association broaches disappointment over PM Mark Carney’s package of measures meant to invigorate the domestic steel market, especially in the wake of U.S. tariffs.

Details revealed: PM Carney announces new measures to buttress steel and lumber producers. This encompasses tighter quotas on foreign steel and potential cutbacks in freight charges. New developments outlined in link 1 and link 2.

Catherine Cobden speaks: The CEO of the Canadian Steel Producers Association expresses apprehension about how much these measures will make up for the loss of the U.S. market.

Cobden critiques the extension of Canada’s remission program. In her view, it leads to a dilution of Canada’s retaliatory tariffs on U.S. steel.

Finally, Catherine Cobden anticipates the federal government’s fulfillment of PM Carney’s pledge that the remission program will conclude by January’s end.

Related videos: Discover more context with video A and dive deeper into the situation with video B.