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Canada Steel Industry: Canada's steel producers tell government its tariff protection measures aren't enough, ET Infra
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Canadian steel industry representatives told government officials in a meeting this week that their measures to protect the industry from the consequences of US tariffs are insufficient, two of the representatives who attended the meeting told Thursday, steel producers met with Patrick Haley, assistant deputy minister for trade and finance, and other officials from the ministry, telling them the measures announced earlier this month do not protect the industry from steel dumping and could cause mass layoffs, the representatives President Donald Trump increased import duties on steel and aluminum to 50 per cent from 25 per cent earlier this month. Canada is the top seller of metals to the United response, Canada announced a raft of measures, including establishing new tariff-rate quotas of 100 per cent of 2024 levels on imports of steel products from non-free trade agreement partners. Industry representatives at the meeting asked the government to extend tariff quotas to all countries with unfair trade practices, even if they have free trade and Asia have started diverting their products to Canada to avoid US tariffs, making domestic steel uncompetitive, they said. "We don't think the measures announced meet our needs under this dire time," Catherine Cobden, President and CEO of the Canadian Steel Producers Association , told attended the meeting with finance ministry officials on Thursday. The Canadian Steel Producers Association said in a separate statement on Thursday that, in its current form, the tariff-rate quota will do little to support its steel industry has laid off 1,000 workers since the first US tariffs in March, and more layoffs could be coming, the association said. Keanin Loomis, president of the Canadian Institute of Steel Construction, which includes steel manufacturers, fabricators, and constructors, said that Thursday's government meeting was heavily steel producers-focused, noting that finished steel products imported to Canada have no tariff protection Loomis also attended the meeting. In a text response to Reuters, the Canadian Finance Ministry said that the measures it announced represent a comprehensive and strategic package to defend producers and workers, and were a first Minister Mark Carney has threatened to increase counter-tariffs on US-produced steel and aluminum if Canada does not reach a broader trade deal with Trump by July 21. Trump on Friday abruptly cut off trade talks with Canada over its new tax targeting US technology firms."These are temporary and calibrated measures that could be expanded depending on the outcome of ongoing discussions with the United States. We are prepared to adjust our response as needed," a spokesperson for the finance minister said.
