Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.

Under the new policy, Canada will apply a 25 percent tariff on steel imports from any country — except the U.S. — if the original steel was melted and poured in China.

The prime minister pledges to diversify its trading partners away from the US and prioritise the use of Canadian steel.

Today, the Prime Minister, Mark Carney, announced a suite of targeted measures to stand behind Canada’s steel industry, protect Canadian careers, and invest in our homegrown industrial capacity to build Canada strong. Canada’s new government will:

President Donald Trump published a letter to Prime Minister Mark Carney on Thursday, accusing Canada of having "financially retaliated" against the U.S.

Indigenous communities have launched a legal challenge against a federal law that would fast-track resource development projects.

The voice belonged to Mark Carney, the then-governor of the Bank of England, who is now the prime minister of Canada, and navigating another crisis: A trade war with the U.S. A former longtime banker at Goldman Sachs,