AssetID: 54923939
Headline: UNCAPTIONED: Canada Slashes Steel Imports to Counter Trump's Tariffs and Protect Local Industry
Caption: Canada Slashes Steel Imports to Counter Trump’s Tariffs and Protect Local Industry. Prime Minister Mark Carney has announced new limits on steel imports as Canada moves to shield its domestic industry from steep US tariffs imposed by President Donald Trump. Speaking in Ontario, Carney said tariff-free imports will be cut in half for countries without free trade deals with Canada. Any imports beyond the new quota will face a 50% duty. He also pledged to prioritize Canadian-made steel and reduce reliance on the US, which currently receives over 90% of Canada’s steel exports. Trump first imposed a 25% tariff in March, later doubling it to 50%—prompting Canada to act. Carney also took aim at China, saying additional tariffs will apply to any steel products from non-US nations that include Chinese-made components. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Canada,slashes,steel,imports,counter,US President,Donald Trump,Prime Minister,Mark Carney,tariff-free,cut in half,countries,doubled,reduce,reliance,United States,prioritize,Canada-made
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