Canada, citing U.S. Section 232 tariffs, moves closer to steel safeguard

Canadian Finance Minister Bill Morneau on Tuesday announced the start of a public consultation period on potential safeguard actions to curb an influx of foreign steel into the Canadian market after President Trump imposed Section 232 tariffs on steel and aluminum. “We know that because of the unfair tariffs imposed by the United States other countries will be seeking alternative markets for their steel products. One of those markets is Canada,” Morneau said at a mill in Hamilton, Ontario, where...