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Canada to impose tariffs on Chinese steel, aluminum

Canada has published a list of dozens of Chinese steel and aluminum products that will be hit with 25% tariffs, starting in three weeks.

The tariffs, announced in August alongside a 100% tax on electric cars made in China, bring Canada’s trade policy more in line with that of its closest allies and are aimed at protecting domestic producers from low-cost products made in Asia’s largest economy.

“We are working closely with key international partners to protect Canadian workers and businesses in our steel and aluminum sectors from China’s deliberate, state-directed policy of overcapacity and oversupply,” Finance Minister Chrystia Freeland said in a news release.

The tariffs will apply to a long list of items including ingots, coils, wire and rods. Goods already in transit by Oct. 22 will be exempt.

The government said it plans to review the measures over the next year, when they may be extended or “complemented by additional measures.”

Canada, whose economy relies heavily on trade with the United States, is closely watching the Biden administration’s moves against electric vehicles, batteries, solar cells, steel and other Chinese products. Canada’s additional tax on electric vehicles goes into effect Tuesday and includes some hybrid passenger cars, trucks, buses and delivery vehicles.

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