The Globe and Mail reports in its Wednesday edition that Canada's steel industry is warning of severe damage to come as Prime Minister Mark Carney tempers expectations for a tariff-free economy, while the car, agricultural and energy sectors push for no trade levies at all. A four-bylined item led by Niall McGee quotes Mr. Carney saying on Tuesday that he does not believe an agreement can be reached with U.S. President Donald Trump that removes all tariffs on Canada. Mr. Trump in March imposed 25-per-cent tariffs on the Canadian steel and aluminum sectors, citing national security concerns over U.S. dependency on foreign imports. In June, he jacked up the tariffs to 50 per cent. Catherine Cobden, who heads the Canadian Steel Producers Association, said the doubling of the levy effectively shut Canadian mills out of the U.S. market. Before the trade war began, Canadian producers routinely sent about half of their output to the United States. Algoma Steel Group chief executive officer Michael Garcia said that as bad as the 50-per-cent tariff is for his company, at this point any deal on tariffs would provide relief, as the uncertainty is hurting the most. "It is quite urgent that there is a deal reached," Mr. Garcia said.
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