27
Nov
OTTAWA (Rajeev Sharma): Prime Minister Mark Carney announced far-reaching measures to protect and strengthen Canada's steel and softwood lumber industries amidst intensifying global trade instability, particularly in light of significant shifts in U.S. trade policy. The government positioned these initiatives as crucial steps toward reducing Canada's reliance on a single trade partner and building a more resilient, self-sufficient economy.The new strategy imposes stricter restrictions on foreign steel imports, substantially lowering tariff rate quota levels for countries without free trade agreements with Canada and for non-CUSMA free trade partners. A new global tariff of 25 per cent will be levied on…
