Steel tariff measures ‘fail to address the crisis we are in,’ industry says
Global News
Thursday's statement from the Canadian Steel Producers Association takes particular issue with Ottawa's immediate measures like a tariff rate quota on foreign steel products.
The Canadian steel industry says the federal government’s recently-announced measures to combat the impacts of U.S. steel and aluminum tariffs “fail to address the crisis we are in.”
Thursday’s statement from the Canadian Steel Producers Association (CSPA) takes particular issue with immediate measures like a tariff rate quota on foreign steel products, which the industry group says should be far lower to prevent the dumping of those materials at the expense of domestic producers.
“In its current form, the (tariff-rate quota) will do little to support our industry,” CSPA president and CEO Catherine Cobden said.
“While we appreciated their willingness to act, we are concerned that the immediate measures fail to address the crisis we are in.”
The measures unveiled by Prime Minister Mark Carney and his cabinet last week include a tariff rate quota of 100 per cent of 2024 levels on imports of steel products from non-free trade agreement partners in order to prevent oversupply of those metals.
The goal, Carney said, is to ensure foreign steel diverted away from the U.S. due to its 50 per cent tariffs don’t end up in Canada.
The government also intends to introduce new tariffs in the coming weeks to protect Canadian industries from unfair trading practices and global overcapacity, but has not set a specific date for those measures.
The timeline, Cobden said Thursday, “is at odds with the extreme urgency we are feeling.”
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