Canada's steel and aluminum industries warn of an 'existential threat' if the government does not introduce tariffs on Chinese imports to align with the U.S. and Mexico, fearing becoming a dumping ground for excess steel.
Industry leaders stress the urgency of imposing tariffs, wanting at least a 25% tariff on Chinese steel products to match the U.S.'s recent move on 289 imports, highlighting the critical need to stand with major trading partners for economic stability.
Failing to act could result in job losses, economic setbacks, and decreased investments. The industry sees the situation as a pivotal moment to protect steel and aluminum communities throughout Canada.
With the U.S. and Mexico taking steps to block Chinese imports, Canada is urged to follow suit to prevent being left as the only country vulnerable to being flooded with excess Chinese capacity, risking market suffocation.
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