Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

Under the new policy, Canada will apply a 25 percent tariff on steel imports from any country — except the U.S. — if the original steel was melted and poured in China.

Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.

The prime minister pledges to diversify its trading partners away from the US and prioritise the use of Canadian steel.

Prime Minister Mark Carney is scheduled to be in Hamilton today to make an announcement related to the steel industry.

Part of Carney’s success can be attributed to Donald Trump’s victory in the U.S. last year. After Trump talked of imposing high tariffs on Canada, and mused about making the country a 51st U.S. state,

Indigenous communities have launched a legal challenge against a federal law that would fast-track resource development projects.

Prime Minister Mark Carney says a fundamental shift in global steel markets will affect Canada more than many other countries because we rely more heavily on imports. He says there will be new tariffs on foreign imports over set quotas,

Canadian Prime Minister Mark Carney on Wednesday said that Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

Canadian Prime Minister Mark Carney reportedly said on Tuesday that it may not be possible for Canada to avoid U.S. tariffs. “There is not a lot of evidence right, with regards to negotiations, of any country or jurisdiction,