The Globe and Mail reports in its Friday edition that Canada is cracking down on the dumping of cheap foreign steel into the country by imposing new trade restrictions aimed at helping domestic producers reeling from U.S. President Donald Trump's punishing tariffs. The Globe's Niall McGee writes that Prime Minister Mark Carney told reporters Thursday the government will attempt to limit steel imports from countries that do not have free-trade agreements with Canada to 2024 levels. Canada currently has such agreements with 51 countries, including the United States, Mexico, the European Union, Australia and Japan. However, China, India, Taiwan, Turkey and Russia, all major steel producers, do not have trade deals with Canada. They have been accused of selling the metal at an artificially low price to gain market share, a practice known as dumping. If the group of countries that do not have free-trade agreements with Canada exceeds 2024 steel shipment volumes, a 50-per-cent tariff will apply. Mr. Trump, in justifying a recent executive order that raised steel tariffs, said foreign producers were still dumping the metal into the U.S. market. Algoma Steel has repeatedly advocated for Ottawa to impose anti-dumping duties.
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