Canada said on Friday it would enact final special tariffs, called safeguards, t...
FILE PHOTO: Canada's Finance Minister Bill Morneau delivers the budget in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, March 19, 2019. REUTERS/Chris Wattie
The Department of Finance said that based on a Canadian International Trade Tribunal report the government would enact final safeguards for imports on heavy plate and stainless steel wire. Safeguards are emergency measures allowed under international trade law to respond to a sudden rise in imports.
“We will always stand up for Canadian workers and businesses, and that means taking action to counter unfair trade practices when merited. ..Our government stands ready to use all legal avenues at its disposal to protect our industry from unfair trade practices and the abuse of our trade remedy system” said Finance Minister Bill Morneau.
While producers wanted the safeguards to remain in place, the CITT came out with a report on April 3 that recommended they be kept only for stainless steel wire and heavy plate because of a threat of “serious injury” to the domestic industry.
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