Sisi Chan

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

Canada’s steel industry shows mixed reactions: The head of Canada’s steel industry association commends the measures taken by Prime Minister Mark Carney to combat the effects of U.S. tariffs on the domestic market.

New measures announced: Carney announces fresh tariff-related measures for the steel and lumber industries.

Details of measures: The specific measures involve stricter quotas and a commitment to reduce freight rates for materials crossing province lines.

An incomplete solution: Catherine Cobden, CEO of the Canadian Steel Producers Association, states that the measures are a step in the right direction but fail to fully alleviate the impact of lost access to the U.S. market.

Dissatisfaction over remission program: The industry voices disappointment over Ottawa’s second extension to Canada’s remission program, viewing it as a weakening of Ottawa’s retaliatory tariffs on U.S. steel.

Accountability sought: Cobden intends to ensure the federal government fulfills its commitments regarding the remission program.