PM announces new measures

News Snapshot:

Prime Minister Mark Carney will make an announcement on the steel industry during a visit to Hamilton. Amid an ongoing trade war with the United States, Prime Minister Mark Carney announced Wednesday new measures to bolster Canada’s steel industry and prevent steel dumping in the Canadian market. The Canadian government plans to “restrict and reduce foreign steel imports,” in part by reevaluating and changing tariff rates, Carney announced in Hamilton, Ont. Canada is also increasing tariffs on steel imports from non-U.S. countries containing steel melted and poured in China, Carney said. “We have the potential to become our own best...