CANADA — The Canadian government will impose 25 percent tariffs on steel imports staring Oct. 25 in a bid to protect its domestic industries from the impact of the tariffs imposed by the Trump administration.The move comes as both countries are tentatively discussing exempting Canada from the U.S. tariffs, reported the Washington Examiner.
The tariffs will apply to seven products: heavy plate, concrete reinforcing bars, energy tubular products, hot-rolled sheet steel, pre-painted steel, stainless steel wire, and wire rods. The tariffs will be applied “in cases where the level of imports from trading partners exceeds historical norms.” Canada initially launched the process to create the tariffs in August.
Read the full article in the Washington Examiner.
