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    Finished galvanized steel coils await roll of the hot dip galvanizing line at ArcelorMittal Steel in Cuyahoga Heights, Ohio Friday, Feb. 15, 2013

    Canada Imposing Tariffs on Certain Imported Steel Products

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    WASHINGTON (Sputnik) - Canada will start charging a 25 percent tariff on seven imported steel products due to an excess supply that is hurting Canadian steel producers and workers, the Department of Finance said in a press release on Thursday.

    "Beginning October 25, 2018, imports of… seven steel products will be subject to a surtax of 25 per cent, in cases where the level of imports from trading partners exceeds historical norms," the release said. "Provisional safeguards are intended to provide Canadian steel producers and workers relief from the harm caused by excessive imports of steel products into Canada."

    The release said the seven steel products include heavy plate, concrete reinforcing bar, and stainless steel wire, among others.

    The Canadian International Trade Tribunal will conduct an investigation to determine if the provisional safeguards need to become permanent, the release explained.

    The measures are part of the response Canada has put together to protect its steel industry since the United States imposed a 25 percent tariff on steel in March, the release said.

    READ MORE: Trump Says Canada, Mexico Will Be 'Wonderful Partners in Trade' in Future

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    imports, tariffs, steel, Canada
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