After lifting most of the counter-tariffs on U.S. products in recent months, Ottawa is now extending exemptions from retaliatory duties on certain steel and aluminum imports—not just to its southern neighbour, but also to China.
In a news release issued on Oct. 17, the Department of Finance said the move was made to provide relief to Canadian firms struggling with the effects of Ottawa’s countermeasures in response to trade disputes with Washington and Beijing.
“[F]urther relief from Canada’s tariffs on imports from the U.S. and China have now been implemented for companies that met strict conditions such as demonstrating short supply or existing contractual obligations,” the department said….