Canada Imposes Limits on Steel Imports From All Countries Except U.S., Mexico
Prime Minister Mark Carney said Wednesday the series of import limits, and tariffs targeting steel products with Chinese links, are required because the Canadian economy has been too reliant on foreign steel to meet the needs of the construction and manufacturing sectors. He cited data indicating two-thirds of total steel consumption in Canada comes from abroad, compared to one-third for the U.S. and one-sixth in Europe.
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