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Canadian Steel Producers Warn of Job Losses Amid Import Restrictions

6/28/2025

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Summary

Story summary

Canadian steel producers are sounding the alarm over the government's new plan to restrict foreign steel imports, deeming it insufficient. They fear that U.S. tariffs could result in thousands of job losses. Prime Minister Mark Carney's proposed tariff-rate quotas may fall short, as they overlook major imports from countries like South Korea and Vietnam.

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Story summary

Canadian steel producers are sounding the alarm over the government's new plan to restrict foreign steel imports, deeming it insufficient. They fear that U.S. tariffs could result in thousands of job losses. Prime Minister Mark Carney's proposed tariff-rate quotas may fall short, as they overlook major imports from countries like South Korea and Vietnam.