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Trump Trade War - Safeguards Secured for Sault Steel

Steel News - Published on Fri, 12 Jul 2019

Image Source: saultonline
Sault Online reported that Mr Terry Sheehan, Member of Parliament for Sault Ste. Marie, is pleased that Sault steelworkers will be protected by new safeguard legislation for Canada’s steel industry. MP Sheehan said that “Our government worked together, as Team Canada, to get American tariffs on Canadian Steel removed. As the next step, these safeguards give the federal government room to quickly protect steelworkers, including those in the Sault.”

This legislation, Bill C-101, allows the imposition of safeguard measures on imports which were previously subject to safeguards. It gives the federal government the flexibility needed to stabilize Canada’s market, and further protect Canadian workers and producers in the steel industry from the harmful effects of substantiated surges in imports.

Mr Bill Morneau, Minister of Finance, said that “workers, and the families and communities they support, need to know that their jobs will be safe in the long term, even as countries around the world continue to rethink their approach to trade. They want to know that their government will be there for them, if and when they need us to step up again. That’s exactly what we’ve done with Bill C-101.”

The Government is closely monitoring the import situation and stands ready to take appropriate action should there be evidence that a surge in steel imports may be harming Canadian workers and producers.

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Posted By : Ratan Singh on Fri, 12 Jul 2019
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