Canada ends surtax on 5 kinds of foreign steel - News Summed Up

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Canada ends surtax on 5 kinds of foreign steel


The surtax bolstered the federal government's argument that cheap foreign steel could not find its way into the American market by using Canada as a back door. Surtax on two products may continueThe tribunal determined that foreign imports of heavy plate and stainless steel wire are a legitimate threat to the domestic industry. His safeguards lasted for only 200 days, while the Canadian International Trade Tribunal investigated their merits. 'Disappointed and concerned'The Canadian Steel Producers Association (CSPA) warned in a statement Wednesday it was seeing "strong expectations from the U.S. government that [Canada] will take every action necessary to keep unfair steel out of North America." The World Trade Organization's agreement on safeguards, however, obliges Canada to respect the findings of the tribunal as a quasi-judicial body.


Source: CBC News April 06, 2019 07:52 UTC



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