Canada to target steel originating from China with new tariffs
Canada to target steel originating from China with new tariffs
OTTAWA - Steel originating in China will be subjected to higher tariffs to try and prevent steel dumping amid U.S. President Donald Trump's ongoing global trade war, Prime Minister Mark
And this is how tariffs should work - not targeting the whole countries randomly but protecting the local industries and jobs instead against unfair competition. Good job Canada!
Just so long as Carney the Coward retaliates against Trump as well for the tariff increase.
I had not heard this nickname before and am generally not fond of giving politicians silly nicknames, but if the shoe fits ¯\_(ツ)_/¯
Carney is (no surprise) a FUCKING HUGE disappointment and liar. Said he would fund the CBC, instead he’s cutting it - and Via Rail too. Utter complete bullshit. A one term PM and he can fuck off back to wherever he came from.
Why? Why is Canada engaging in a trade war started by the states, for their own selfish reasons? I swear Trump is just a Psy-op for a much broader plan.
Chinese steel is cheaper than Canadian steel, even in Canada. Since Canadian steel is being targeted by tariffs in America, we need to make sure that as many Canadian companies as possible are using Canadian steel in order to make up for lost revenue on orders that were cancelled or were expected but are now economically impractical.
The practice is called protectionism and is an important tool when two countries have vastly different trade circumstances, such as when one can cheaply manufacture and ship products globally and another cannot. A good external example of this is the protectionism of Ghanaian oranges in order to stimulate the local industry.
Fascinating, thank you for the insight.
China has been dumping cheap steel on the global markets. It's been hurting the steel companies in many countries.