Canada Is Imposing Emergency Steel Safeguards on 7 Steel Products and Conducting an Injury Inquiry

Oct 11 23:10 2018 Print This Article

On October 11, 2018, Canada’s Department of Finance announced that effective October 25, 2018, Canada will be imposing emergency tariff rate quotas on 7 categories of steel products.  The Department of Finance has prepared a report and there will be an Order in Council under section 55 of the Customs Tariff to implement the emergency steel safeguard tariff rate quotas before the Canadian International Trade Tribunal determines if the protection is warranted. The Report indicates that certain steel goods are being imported into Canada in increased quantities. The Report further finds that:

“…the importation in increased quantities of steel goods is the result of the effect of the obligations, including tariff concessions, incurred by Canada under WTO agreements and of unforeseen developments, including global overcapacity in steel production and the fact that a number of WTO members have taken or are considering taking measures to restrict importation of steel into their markets, which appears to have caused or threaten to cause significant trade diversion into Canada.”

Read More

About Article Author

Canada-US Blog

This blog is about Canada-United States cross border legal issues. Some of the authors are practicing lawyers and some are law students. This is a forum for discussion that presents an opportunity for law students to contribute and become known to potential employers in this dynamic area of the law.

Related Items

Green handwringing over new North American trade pact

Author: Kenneth P. Green The new deal reportedly jettisons environmental obligations that were part of the last four U.S. trade deals. Read more about Green handwringing over new North American trade pact Tags:  canada's environmental record canadian environment green deregulation NAF ...

B.C. government must implement best practice regulations to tackle methane problem (media release)

The B.C. government must adopt global best practices as it looks to regulate the methane pollution footprint from B.C.’s natural and fracked gas sector, especially as it ramps up to supply liquefied natural gas projects. ...

Coastal Wetlands and Headwaters Protected by Conservation Measures

The Nature Conservancy of Canada (NCC) made a string of announcements this week, which included two conservation initiatives that will protect Canadian water. Together, the NCC and Ducks Unlimited Canada (DUC) announced the protection of 93 hectares and 2.5 kilometres of undeveloped Lake Ontario sh ...

Researchers Develop Large-Scale Hydroeconomic Model to Study Continental Water Systems

A new large-scale hydroeconomic model has been developed by the Water Program at the International Institute for Applied Systems Analysis (IIASA). The model will allow researchers to study water systems across the entirety of continents, examining supply and water management impacts and their inter ...

Real-Time Operational Software for Water Utilities Launches in Toronto

This week, IBI Group, a global design and technology firm with headquarters in Toronto, Ontario, launched BlueIQ, a real-time software solution for water utilities. Using predictive analytics to determine the most cost effective and energy efficient way for urban water utilities to operate their wa ...

Online cannabis sellers bracing for major demand as legalization looms

TORONTO — As many as 100 locations across the country may be ready to sell cannabis on Wednesday when recreational pot is legalized across the country, but most Canadians’ first purchase of legal pot will likely be at the click of a button. Provincial and territorial governments and private ret ...

Monday Blues

Overview: Despite the pre-weekend gains that lifted the S&P 500 above its 200-day moving average, global equities are moving lower today.  The main news over the weekend included the US renewing its threat to impose more tariffs on China and Saudi Arabia threatening retaliation for any sanct ...

Why “72” is the most important number for investors

The year 1972, for those of us old enough to remember, was a year that will forever be etched in our brains as the most important year in hockey history. It was the year of the famous Summit Series between Canada and the former Soviet Union. The Summit Series was organized to determine true hockey ...

Zooming Out - Is A Major Market Top In?

One of the things I have focused on when examining the US market as well as other markets around the world is the tops that have been created in the last 20 years.  There are multiple ways to look at tops. Rear view mirrors are great, but more importantly, can you mark significant tops on a ti ...

Banks report the most cybersecurity incidents: report

Canadian businesses spent $14 billion on cybersecurity in 2017, StatsCan says The post Banks report the most cybersecurity incidents: report appeared first on Investment Executive. ...

Some Commodities Drift Higher 2018-10-13 CC Video

Well, a bruising week in equities bruised commodity related stocks but the commodities themselves held up fairly well. ETF's which hold stocks like SLX, KOL, NLR, URA, XLE, XOP, FCG all pulled back.  Precious Metals did better. Gold actually broke through a small 2 month resistance line to close h ...