Canada to impose 25 per cent surtax on select Chinese-made steel and aluminum products
CTV
Canada will be imposing a 25 per cent surtax on select imports of steel and aluminum from China, after unveiling its final list of impacted products on Tuesday.
Canada will be imposing a 25 per cent surtax on select imports of steel and aluminum from China, after unveiling its final list of impacted products on Tuesday.
The surtax on those products will come into effect as of Oct. 22.
The intent of the move was first announced in August and follows a month of consultations with stakeholders. It also follows the United States, which is imposing its own 25 per cent surtax on selected Chinese steel and aluminum products as of Oct. 15.
“We are moving in lock-step with key international partners to protect Canadian workers and businesses in our steel and aluminum sectors from China’s intentional, state-directed policy of overcapacity and oversupply, which is undermining Canada’s ability to compete in domestic and global markets,” Deputy Prime Minister and Finance Minister Chrystia Freeland said in a statement.
Starting on Tuesday, Canada’s 100 per cent tariff on all Chinese-made electric vehicles (EVs), including some hybrids, trucks, and buses, also came into effect. Those measures were first announced in late August.
The federal government says it will review the new measures one year after they come into effect.
More details to come…
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