Canada to hit Chinese steel and aluminum with tariffs on Oct. 22

Date:

“We are moving in lockstep with key international partners to protect Canadian workers and businesses in our steel and aluminum sectors from China’s intentional, state-directed policy of overcapacity and oversupply,” Finance Minister Chrystia Freeland said in a news release. 

The tariffs will apply to a long list of items including ingots, coils, wires, bars and rods. Goods that are already in transit on Oct. 22 will be exempt. 

The government said it plans to review the measures within the next year, at which point they may be extended or “supplemented by additional measures.”

Canada, an economy that relies heavily on trade with the US, has been closely monitoring the Biden administration’s moves against Chinese EVs, batteries, solar cells, steel and other products. 

Canada’s surtax on electric vehicles takes effect Tuesday and includes certain hybrid passenger automobiles, trucks, buses and delivery vans. 

Read more…

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Tampa RV giant Lazydays to delist from Nasdaq

Tampa-based Lazydays Holdings Inc., one of Florida’s most recognized...

Granite Geek: New Hampshire might get access to ‘balcony solar’

I had solar panels put on my roof six...

TSX Today: What to Watch for in Stocks on Monday, November 10

Despite firm gold and silver prices, Canadian stocks...

While BNB and DOT Struggle Under Market Pressure, BlockDAG’s Presale Soars Past $435M!

As market-wide fear grips the sector, the Binance Coin...