Sisi Chan

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

INTRODUCTION: The Canadian steel industry has expressed both admiration and disapproval for Prime Minister Mark Carney’s initiatives to support the industry in light of U.S. tariff conflicts.

PRIME MINISTER’S MEASURES: The Premier rolled out a plan aimed at aiding the steel and lumber industry to discover new markets. The plan’s limitations and hopes for its future impressions were discussed.

REACTION OF INDUSTRY: Catherine Cobden, the CEO of the Canadian Steel Producers Association, praised the announced measures but feels they fall short in covering the damage caused by loss of the U.S. market.

INDUSTRY’S RESPONSE: Critics of Ottawa’s extension plan for steel importers voiced disappointment and claimed it dilutes Ottawa’s retaliatory tariffs on U.S. steel.

RELATED CONTENT: For more information on this topic, see the linked articles and news videos below:

• Follow up story on Canadian Steel industry response to new tariff measures
• Impact analysis of tariff measures on Canada’s steel and lumber industry