Canada to Curb Steel Imports to Soften Blow From US Tariffs (2)

Canada will reduce the amount of foreign steel importers can bring into the country tariff-free, a move to help domestic producers suffering from US President Donald Trump’s levies on the sector.

The government will tighten “tariff rate quota” levels for steel products made in countries that don’t have a free-trade agreement with Canada. Producers from those nations will be able to ship half of last year’s volumes — above that level, a 50% tariff will apply.

Steel-producing countries that have existing trade deals with Canada, such as South Korea, will have more flexibility. They’ll be allowed to ship steel ...