Canada to reduce steel and aluminum imports to protect jobs

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Canadian Prime Minister Mark Carney will impose measures to meet the exhibition of steel and aluminum imports and may increase the fees on the United States, as protectionist measures are increasingly published in the global tariff war on decisive industrial inputs.

Carney said on Thursday that Canada imposed 100 percent of the customs tariffs on steel and non -American aluminum imports, and on July 21 “amending” counter -models by 25 percent on minerals imported from the United States based on talks with Washington. The move comes after US President Donald Trump doubles Definitions On Canadian and aluminum steel earlier this month.

François-Vhilippe Champagne, the Minister of Finance of Canada, said the quotas have been launched “to install the local market and prevent harmful trade transfer as a result of American actions that destabilize the markets.”

“Steel from other countries, from the third countries, starts to reach Canada if we do not protect our industry, so we are putting these shares,” Carney added. Anti -beating measures to China, which already have a 25 percent magic tax on steel and aluminum imports.

The Prime Minister said that Ottawa will also start buying Canadian steel and aluminum for local infrastructure projects, defensive and auto industry.

“Steel and aluminum workers are on the front lines of this commercial crisis, as these are the workers who will help us build a strong Canadian economy,” Carney said in Ottawa.

On Monday, during the 7 Group Summit in Kanancis, Alberta, Carney Trump met to discuss a new economic and security partnership. “We have agreed to follow the negotiations towards a deal during the next thirty days,” the Prime Minister to publish In x afternoon.

Trump presented on June 4 50 % tariff On steel and aluminum imports to the United States, which increases the rate of 25 percent applied in March.

At that time, the Canadian steel industry described the double tariff as “catastrophic” for a sector that faced widespread work losses and closure of production.

Canada It is the largest mineral resource for the United States, representing nearly a quarter of steel imports in 2023 and about half of aluminum imports last year.

The steel sector is an industry of $ 15 billion ($ 11 billion) that employ 23,000 people and supports 100,000 indirect jobs, according to the Canadian Steel Producers Association.

Carney said he was in contact with Trump “often on a set of issues,” and these recent measures will keep the steel industry standing on his feet while Ottawa negotiates a new trade deal with the White House.

“A 25 % tariff is difficult, but 50 percent DisastrousCatherine Kobben, CPSA president, said earlier this month.