Canada moves to block steel dump­ing with 25% sur­tax on select prod­ucts

North Bay Nugget - - NATIONAL NEWS -

OT­TAWA — The fed­eral gov­ern­ment is im­pos­ing a 25 per cent sur­tax on some for­eign steel prod­ucts in a bid to but­tress Cana­dian man­u­fac­tur­ers and head off dump­ing.

Ot­tawa says “ex­ces­sive im­ports” are harm­ing the steel in­dus­try, prompt­ing a sur­tax on seven prod­ucts that range from re­bar to wire rods.

The Fi­nance De­part­ment says the sur­tax, which be­gins Oct. 25, will be in place for 200 days, pend­ing an in­quiry by the Cana­dian In­ter­na­tional Trade Tri­bunal into whether longer-last­ing safe­guards are nec­es­sary.

The an­nounce­ment comes more than three months af­ter Canada im­posed tar­iffs on $16.6 bil­lion worth of Amer­i­can goods in re­tal­i­a­tion for hefty U.S. tar­iffs on Cana­dian steel and alu­minum.

The gov­ern­ment also an­nounced Thurs­day that some Cana­dian man­u­fac­tur­ers can now im­port those prod­ucts from the U.S. with­out pay­ing the sur­taxes that have ap­plied since July 1.

The ex­emp­tion ap­plies on a case-by-case ba­sis to com­pa­nies that ap­plied for it, and per­tains to Amer­i­can steel, alu­minum and cer­tain other prod­ucts.

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