Canada Takes Firm Stance with Tariffs on Chinese Steel and Aluminum Imports
In a significant move to protect its domestic industries, Canada has introduced a 25% tariff on Chinese steel and aluminum imports, effective October 22, 2024. This measure follows a 100% tariff imposed on Chinese electric vehicles (EVs), marking Canada’s alignment with the U.S. and European Union in addressing China’s overcapacity in global markets. Why Canada […]