Canadian steel producers, government officials and other stakeholders are giving the Canada Border Services Agency extra powers and have formed an urgent working group tasked with heading off a possible flood of foreign steel into Canada as a result of tariffs imposed by the United States.
Canada is among the six countries that secured exemptions from U.S. President Donald Trump’s tariffs of 25 per cent on steel and 10 per cent on aluminum, which came into effect Friday. But domestic producers remain concerned that the tariffs will prompt a diversion of steel from foreign producers into the Canadian market.
Read more at Financial Post
