Canada said it will exclude imported steel and aluminum from its newest import tariffs and quotas, which is meant to reassure U.S. officials that cheap metal will not leak across the boarder if U.S. tariffs are lifted.
Dec. 21, 2018—Canada said on Wednesday it will exclude some imported steel and aluminum from its newest import tariffs and quotas following a request from the construction industry in British Columbia, reported Reuters.
In Canada, automakers frequently buy U.S. steel under contract, import and distribute it to their Canadian suppliers as well as their own plants, but it was not immediately clear which companies would be affected.
Canada said it would give relief for steel product imports that were in transit before Oct. 25, according to the report.In October, the government announced quotas and tariffs on seven categories of steel imported from most countries outside the United States. The measures were meant to reassure U.S. officials that cheap metal would not leak across the border if U.S. tariffs were lifted, and ensure that steel shut out of the U.S. market did not harm Canadian steel mills.
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