Government Imposes Tariffs to Protect Canadian Jobs

On October 22, 2024, the Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced new measures aimed at protecting and creating jobs for Canadian workers. The announcement was made alongside Randy Boissonnault, Minister of Employment, Workforce Development and Official Languages, and Jean-Yves Duclos, Minister of Public Services and Procurement.

The government has imposed a 25% tariff on certain steel and aluminum products imported from China. This measure is intended to counteract what the government describes as unfair trade practices by China, which include oversupply and overcapacity. The tariffs are designed to protect Canadian jobs by leveling the playing field for domestic industries.

In addition, the government has introduced a tariff remission process to assist Canadian businesses that may be affected by these tariffs. This process is intended to provide relief in specific cases to ensure that Canadian workers are not adversely impacted as businesses adjust their supply chains.

These actions are part of a broader strategy to support Canadian workers and industries, particularly in the face of international competition. The government emphasizes the importance of fair trade practices and aims to safeguard the economic interests of Canadian workers and businesses.