Sisi Chan

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

The big picture: The Canadian steel industry is facing the issue of tariffs, reactions to which have been varied. Prime Minister Mark Carney and U.S tariffs have been central to this discussion. New measures are being implemented to support steel producers and control foreign steel’s influx into Canada.

The measures: A series of efforts have been drawn up to aid steel manufacturers, and maintain a tighter rein on the import of foreign steel into the country. However, the industry calls for more proactive steps.

Industry reaction: Catherine Cobden, CEO of the Canadian Steel Producers Association, views these measures as a positive move, though they only partially mitigate losses arising from restricted U.S. market access.

The concern: Cobden manifests her dissatisfaction concerning the second extension of Canada’s remission program for steel importers. This move impacts Ottawa’s retaliatory tariffs on U.S. steel adversely.

The expectation: Cobden holds the federal government responsible and urges it to live up to its promise to conclude the remission program shortly.

More on Canada: Browse through a collection of related videos on a diverse range of topics

• Abyssal video1
• Fascinating video2
• Inspiring video3