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How will Canada’s steel industry stack up against Trump’s new ‘Buy American’ quota? – Global News

Should Canada’s steel industry be gouged again by U.S. trade policies, the federal government would “vigorously defend” its interest.

An official speaking on background confirmed that its defence would include seeking an exemption to Trump’s Buy American policy.

On Monday, U.S. President Donald Trump signed an executive order that would eventually boost the amount of U.S. components in American-made products from 50 per cent to 75 per cent.

The tightened provisions, which fall under the Buy American Act, would also bring the U.S.-made steel and iron quota to a whopping 95 per cent.

Read More: https://globalnews.ca/news/5501133/canada-steel-industry-trump-buy-american-policy/

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