CCA deeply concerned proposed steel quotas and tariffs will increase construction cost

By |September 6th, 2018|In The News|

In response to concerns from Canadian steel manufacturers that the Canadian steel market will be flooded with cheap steel from countries other than the U.S. as a result of the tariffs, the Canadian government is considering using quotas and tariffs to protect the Canadian steel market.

While such measures would protect Canadian steel manufacturers, there is concern the safeguards will hurt the Canadian construction industry and increase the cost of construction.

This prompted the Canadian Construction Association to write to Canadian Finance Minister Bill Morneau expressing deep concerns about the proposal to impose steel and aluminum safeguards.

Read the CCA letter to Finance Minister Bill Morneau.

VRCA and CCA are continuing to monitor this file.