By Jacob L. Shapiro
As U.S. tariffs on steel hit markets around the world, Canada is considering ways to protect its own steel producers. The Canadian government is preparing to impose a combination of quotas and tariffs on steel imports from certain countries including China, according to a Bloomberg report last week that cited “people familiar with the plans.” This in addition to the Canadian tariffs on U.S. goods (including a number of steel products) worth 16.6 billion Canadian dollars ($12.6 billion) that went into effect on July 1.
According to the Bloomberg report, which remains unconfirmed, the new measures would be meant to prevent Chinese steel, in particular, from flooding the Canadian market to avoid duties imposed by the United States. That is only partly true. The broader issue is China’s steel dumping practices in general. With the U.S. attracting so much attention, Canada is now quietly considering imposing protectionist measures of its own that are not too
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