Ottawa’s decision to extend a tariff offset program for some U.S. steel imports fails to encourage domestic manufacturers to diversify away from the United States, the head of the Canadian Steel Producers Association said.
The horizontal tariff remissions program for steel, aluminum and some steel derivative products was to end on June 30. The federal government said last week it is extending it for another year, until June 30, 2027.
The program grants automatic relief from Canadian tariffs on U.S. steel and aluminum to firms importing products integral to key Canadian sectors, or firms that support public health and national security….