News Snapshot:
Biden administration to hike tariffs by 25 per cent on Chinese imported steel into U.S. The U.S. Biden administration has slapped major tariffs on a wide array of Chinese-imported goods and technology, including steel products. The Canadian Steel Producers Association is demanding Ottawa do the same against Chinese-manufactured steel products being dumped in this country. The 13-member industry group, of which Algoma Steel in Sault Ste. Marie is one, said Canada is seeing “unprecedented levels of steel imports” in the domestic market with foreign-dumped steel doubling over the last decade. The group said Canada has 52 steel-related trade measures on...