Leftist Canadian Prime Minister Mark Carney announced during a stop at a steel company on Wednesday that he would impose higher tariffs on non-U.S. steel imports to protect the Canadian steel industry from foreign competition.
China is the second largest importer of steel to Canada, according to Global News, and has been subject to similar tariffs and other trade restrictions around the world in response to a practice known as “dumping” in which a country overproduces a certain good and imports a large amount of it into a foreign country to lower prices and hurt that country’s domestic industry.
The prime minister’s office explained in a press…
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