Canada Limits Steel Imports From All Countries Except U.S., Mexico
OTTAWA—Canada introduced limits on how much foreign steel produced in countries other than the U.S. and Mexico can be imported, as the Liberal government tries to help a domestic sector reeling from President Trump’s 50% tariffs on Canadian steel.
Prime Minister Mark Carney said Wednesday that the series of import limits and the tariffs targeting steel products with Chinese links are required because the Canadian economy has been too reliant on foreign steel to meet the needs of the construction and manufacturing sectors. He cited data indicating that two-thirds of total steel consumption in Canada comes from abroad, compared with one-third for the U.S. and one-sixth in Europe.
Trumpcession signs everywhere BOZO . Whoop woop !
Retail sales level has risen to 0.6%. This figure has surpassed the forecasted growth of 0.1%, indicating a strong boost in consumer spending.
The actual retail sales growth of 0.6% also stands in stark contrast to the previous figure of -0.9%.
