14 hours ago
- Business
- Wall Street Journal
Canada Imposes Import Curbs on Steel to Address Fallout From Trump Tariffs
OTTAWA—Canada unveiled on Thursday policies to support the domestic steel sector, including a curb on imports. The sector faces financial duress due to President Trump's hefty 50% tariffs on the metal.
Prime Minister Mark Carney said the government would also consider higher tariffs on U.S. steel and aluminum depending on the progress made on a new economic-and-security deal between Ottawa and Washington. Carney and Trump agreed this week on a 30-day time frame to clinch a deal to resolve the current trade conflict between the countries.
