Canada introduces tariffs on trade partners to protect domestic industries | International Trade News

Prime Minister Mark Carney also introduced a fund to invest in domestic steel projects.

Canadian Prime Minister Mark Carney has said that Canada will introduce a tariff rate quota on countries it has free trade agreements with, excluding the United States, in order to protect its domestic steel industry.

Carney announced the new measures on Wednesday.

The plan includes a 50 percent tariff that will apply to imports from relevant countries that surpass the 2024 volumes, though Canada will…

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News Source: www.aljazeera.com

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