The Canadian government may be considering “safeguarding” duties against imports of steel and aluminum to avoid a flood of imports that would otherwise have gone to the U.S. There’s already been a rise in imports of both products with a 16% rise in imports of intermediate steel in April on a year earlier and 24% surge in aluminum. While reportedly aimed at Chinese exports they will potentially capture U.S. exports too as retaliation for America’s section 232 duties that also apply to Canadian exports. Canada accounted for 39% of American exports of steel and aluminum products covered by ...
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