Well, what do you know? An interesting article about Canada suddenly proposing to put limits on the amount of Chinese steel and aluminum they import. Although missing in the article is a reference to what this means about the prior process that did not have such limits.
Essentially, if you drop the pretending within the Wall Street Journal/MSM narrative, the decision by Mark Carney to limit Chinese Steel is a direct admission of their knowledge to a preexisting level of imports that violated the USMCA and all previous demands to block imports of Chinese steel.
Trump always said Canada was a transnational shipper and entry into the USA. Trudeau and Carney previously denied this was the reality. Well, if that wasn’t the reality, then why the need to change? I digress.
OTTAWA—Canada introduced limits on how much foreign steel produced in countries other than the U.S. and Mexico can be imported, as the Liberal government tries to help a domestic sector reeling from President Trump’s 50% tariffs on Canadian steel.
Prime Minister Mark Carney said Wednesday that the series of import limits and the tariffs targeting steel products with Chinese links are required because the Canadian economy has been too reliant on foreign steel to meet the needs of the construction and manufacturing sectors. He cited data indicating that two-thirds of total steel consumption in Canada comes from abroad, compared with one-third for the U.S. and one-sixth in Europe.
Carney added that the changes would also guard against foreign steel entering Canada to bypass Trump’s tariffs. Canada has had a “disproportionately open import market” when it comes to steel, Carney said at a steel factory in Hamilton, Ontario.
He added that he wouldn’t allow the current trade conflict with the U.S.—combined with unfair trade practices elsewhere—to gut the nation’s steel industry at a time when Ottawa will require the metal to embark on trade-infrastructure projects such as ports, energy corridors and pipelines.
“We must diversify our trade relationships, and above all we must rely more on Canadian steel for Canadian projects. Those shifts start today,” he said. (read more)
We have awesome Canadian Treepers; however, I would like to ask the Canadians who are stuck in denial of the steel transnational shipping issue, why Canada needed to change?
