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Canada raises tariffs on Chinese products to protect its industries

Canada raises tariffs on Chinese products to protect its industries

By م.زهير الشاعر

Published: October 4, 2024

The Canadian government has announced a 25% tariff on dozens of Chinese products made from steel and aluminum.

The move aims to protect Canadian industries from unfair competition arising from Chinese dumping of markets, as China sells its products at prices lower than the cost of production, negatively impacting local companies.

Canadian Finance Minister Chrystia Freeland explained that the decision aligns with the efforts of other countries to protect their industries from the unfair trade practices employed by China.



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