Two Thirds Of Canada's Steel Came From Abroad, Carney Makes Ottawa Buy Canadian
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Two thirds of the steel Canada uses is imported. In the United States it is less than a third; in the European Union, less than a sixth. And more than nine out of ten tonnes Canada exports go to one customer, south of the border. That is the arrangement Donald Trump's metal tariffs walked into. Mark Carney's answer has four parts: halve the quota for steel from countries with no trade agreement and tax anything above it at 50%, put money behind the workers and the mills, widen the loan facility for mid-sized firms — and change federal procurement so that government contracts have to use Canadian steel. This video walks through each one, and the case against them. - Tariff rate quota cut to 50% of last year's volumes, with a 50% tariff above the line - $70 million in training and income support for up to 10,000 steel workers, plus work-sharing - $1 billion through the Strategic Innovation Fund, aimed at competitiveness and defence demand - Loan facility opened to smaller firms: revenu
Tags: Canadian Politics, Canada News Today, Mark Carney, Canada US Relations, Canada Tariffs, Canadian Sovereignty, Canada Trade, Canada Economy, Canada Trump, Canadian Analysis, Trump News, US Tariff, Canada Trade War, CUSMA, USMCA, Canada Updates
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