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Canada Announces New Steel Quotas and Tariffs, Refunds for Firms

  • Tariffs due Oct. 25 on some steel imports from China, others
  • Canada will refund, exempt some tariffs on imports from U.S.
Canada's Finance Minister Morneau Speaks At The ArcelorMittal Dofasco Inc. Steel Plant
Photographer: Cole Burston/Bloomberg
Updated on

Canada is applying quotas and a 25 percent tariff on steel imports from China and other countries to avoid becoming a dumping ground for steel in the face of metal levies imposed by U.S. President Donald Trump.

Canada will erect new barriers to any flood of shipments of seven types of foreign steel, and will issue refunds and exemptions to some Canadian firms on tariffs paid on imports from the U.S.