Get all your news in one place.
100's of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Stjepan Kalinic

Canada Hits Back At Trump's 50% Steel Tariffs With $1 Billion Rescue, New Quota System

Acero

Canada will introduce new measures to defend its steel industry against the impact of tariffs. Prime Minister Mark Carney announced the implementation of the plan proposed a month ago, during a visit to Hamilton-based steel fabricator Walter’s Group.

"This is about protecting Canadian jobs and standing up for fair trade," Carney said per CPAC, adding that more than 90% of Canada's steel exports currently go to the U.S.—a concentration he called "unsustainable."

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.