Sisi Chan

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

Prime Minister Mark Carney announced new measures Wednesday to help steel and lumber producers in Canada. The measures primarily consist of tighter quotas on foreign steel entering Canada and a commitment to lowering freight rates for materials crossing provincial borders. Catherine Cobden, CEO of Canadian Steel Producers Association, believes these measures won’t fully compensate for the loss of access to the U.S. market. While appreciating the government’s initiative, Cobden emphasizes the need for more comprehensive strategies.

Cobden remains vigilant, promising to hold the federal government accountable for their commitment to the termination of the remission program. Her critical stance reflects the broader industry sentiment, pressing the government for more robust action.

For more on Canada’s trade issues and other related topics, explore our collection of videos below. Our archive covers a broad range of subjects, providing in-depth analyses and expert commentary.

• Video 1: The impact of U.S. tariffs on Canadian industries
• Video 2: Insights on Canadian trade strategies by experts
• Video 3: An evaluation of the steel sector’s performance since the new measures
• Video 4: A session with Catherine Cobden discussing the steel industry and the government’s measures in detail