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Canada and US Trade Talks Would Add Steel Export Quotas
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News EditorChainCatcher reported, citing people familiar with the matter, that the trade agreement being negotiated by Canada and the US would introduce a quota system for Canadian steel exports. Steel shipped within the quota would face a 25% tariff, while volumes above the quota would be taxed at 50%. Canada would allow 4 million tons of steel a year to go to the US at the 25% rate and would remove its reciprocal tariffs on US steel. The report did not provide additional details on timing or implementation.
ChainCatcher reported, citing people familiar with the matter, that Canada and the United States are negotiating a trade agreement that would introduce a quota system for Canadian steel exports.
Steel shipped within the quota would be charged a 25% tariff. Any volume above the quota would face a 50% tariff.
Under the reported terms, Canada would agree to send 4 million tons of steel a year to the US at the 25% tariff rate and would remove its reciprocal tariffs on US steel.
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