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Government discusses trade measures to protect Canadian steel industry
The Government of Canada announced a 30-day public consultation regarding potential trade measures to prevent the diversion of steel products from third countries into Canada due to U.S. tariffs. Canadian steelworkers face risks from increased imports prompted by a 25% tariff imposed by the U.S. on steel products from all countries. The government has already imposed reciprocal tariffs worth $29.8 billion on U.S. steel and aluminum imports and additional tariffs on imports from China, aimed at protecting local industries from unfair competition.