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Canadian Trade Panel Recommends Reducing Safeguard Tariffs on Steel

  • CITT recommends eliminating quotas, tariffs on five products
  • Industry calls on finance minister to ignore the report
Canada's Finance Minister Morneau Speaks At The ArcelorMittal Dofasco Inc. Steel Plant
Photographer: Cole Burston/Bloomberg

A Canadian trade tribunal is recommending that Prime Minister Justin Trudeau’s government claw back steel tariffs imposed to contain fallout from Donald Trump’s own levies.

In a decision published Wednesday, the Canadian International Trade Tribunal recommended tariff rate quotas on two types of steel -- heavy plate and stainless steel wire -- among seven that the government had already applied provisional levies to. On the five other products, it either found no spike in imports or found that Canadian producers hadn’t been harmed.