Prime Minister Mark Carney continues his East Coast tour on Prince Edward Island, where, according to his office, he’ll “announce new measures to lower costs for Canadians” #cdnpoli #ParlCA https://t.co/r5c0S6dnEP
While new tariffs present some opportunities for U.S. plastic manufacturing, duties on steel and aluminum are continuing to crunch can makers, according to industry trade groups. https://t.co/9ZcL7OhUih https://t.co/A1QG4osMDj
Prime Minister Mark Carney continues his East Coast tour on Prince Edward Island, where, according to his office, he’ll “announce new measures to lower costs for Canadians” later this morning #cdnpoli #ParlCA https://t.co/r5c0S6dnEP
Prime Minister Mark Carney announced a series of new trade measures aimed at protecting Canada's steel industry amid ongoing trade tensions with the United States. During a visit to the Walters Group steel manufacturing facility in Hamilton, Ontario, Carney unveiled plans to impose a 25% tariff on steel imports from all countries except the U.S., specifically targeting steel that was melted and poured in China. Additionally, Canada will implement import quotas on steel from countries with which it has free trade agreements, excluding the U.S., to support domestic producers affected by U.S. tariffs. These measures include reducing the amount of foreign steel that importers can bring in tariff-free and providing increased funding for business projects, worker training, and support programs. The Canadian government described these steps as necessary to counteract the impact of U.S. President Donald Trump's tariffs, which have disrupted global steel supply chains and redirected steel flows toward Canada. The new tariffs and quotas are expected to take effect later this month.