The Globe and Mail reports in its Thursday edition that Ottawa is cracking down further on imports of foreign steel into Canada to help Canadian mills that have effectively been shut out of the U.S. market by President Donald Trump's tariffs. The Globe's Niall McGee writes that less than a month ago, the feds announced that steelmakers from countries such as China and Turkey that do not have free-trade agreements with Canada will face tariffs of 50 per cent if they ship volumes into Canada that go above 100 per cent of 2024 levels. Prime Minister Mark Carney announced at steel products company Walters Group in Hamilton that he is tightening that quota to half of 2024 levels. In addition, countries that have free-trade agreements with Canada, other than the United States, will be subject to 50-per-cent tariffs if they ship more than 100 per cent of their 2024 volumes into Canada. Mr. Carney is brandishing a bigger stick in trade after the steel industry made it clear that last month's moves did not go nearly far enough. The government has acknowledged that the global steel tariffs imposed by Mr. Trump in March are likely resulting in foreign steel producers diverting shipments formerly destined for the U.S. into Canada.
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