The Canadian steel industry says new measures to guard against foreign steel flooding the domestic market as an end run around 50 per cent tariffs U.S. tariffs on global steel do not go far enough to curtail unfair trading practices that predate President Donald Trump’s trade war. (The Logic)

Talking point: Ottawa will set new tariff rate quotas based on 2024 levels for steel imports from countries with which Canada does not have a free trade pact. Any surplus, which the Department of Finance suggests could be linked to “harmful trade diversion” as a result of U.S. tariffs, would face a higher duty. Keanin Loomis of the Canadian Institute of Steel Construction says this does not deal with dumping that pre-dates last year. Global steel overcapacity was expected to reach 573 million tonnes last year. Meanwhile, Jean Simard of the Aluminium Association of Canada was glad the Liberal avoided taking a “copy-paste approach” for both metals. “There is no surplus,” he said of aluminum.