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CORRECTED - Canada to impose steel safeguards after U.S. tariffs

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Reuters TORONTO

(This version of the story removes "from all countries" from first paragraph, as some countries are exempt.)

TORONTO (Reuters) - Canada will impose new quotas and tariffs on imports of seven categories of steel, the federal government said on Thursday, fresh measures to head off a potential rise in imports as overseas steelmakers shut out of the United States seek new customers.

A tariff of 25 percent will apply starting Oct. 25, 2018 to imports "in cases where the level of imports from trading partners exceeds historical norms," the government statement said.

The products covered include heavy plate, concrete reinforcing bar, energy tubular products, hot-rolled sheet, pre-painted steel, among others.

 

(Reporting by Allison Martell; Editing by Sandra Maler and Dan Grebler)

Disclaimer: No Business Standard Journalist was involved in creation of this content

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First Published: Oct 12 2018 | 2:22 AM IST

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