Carney Announces Measures to Protect Canadian Steel Industry from US Tariffs

Prime Minister Mark Carney has unveiled plans to safeguard Canada’s steel sector amid ongoing trade tensions with the United States. The strategy involves implementing import restrictions, imposing a new tariff, and providing financial support for steel and lumber freight costs. These measures are intended to bolster domestic industries and mitigate the impact of potential US tariffs. As trade talks between Canada and the US stall, Carney’s actions signal a proactive approach to protect Canadian economic interests.