Sisi Chan

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

Catherine Cobden, central figure of the Canadian steel sector, gives her views on Prime Minister Mark Carney’s new measures to support steel and lumber producers. These measures include restrictions on foreign steel and shipping.

However, Cobden suggests that the loss of the U.S. market may not be fully compensated by these new measures. She highlights her concern about the extension of a remission program for steel importers, contending this weakens Canada’s counter-tariffs on U.S. steel products.

Cobden unveiled the industry’s plan to hold the federal government accountable for its promises. The remission program is set to end just three months after its original deadline – a point she seemingly emphasizes.