Reported about 12 hours ago
Canadian steel producers have expressed concerns to government officials about the inadequacy of current tariff protection measures in light of increased U.S. tariffs on steel and aluminum. They argue that the government's recent measures do not sufficiently shield the industry from unfair trade practices and could lead to mass layoffs. The Canadian Steel Producers Association indicated that the existing tariff-rate quota will not effectively support the industry, highlighting that recent layoffs have already occurred and further job losses could follow if conditions do not improve.
Source: YAHOO