Carney announces new measures to support steel industry, prevent dumping, amid trade war
Amid an ongoing trade war with the United States, Prime Minister Mark Carney announced Wednesday new measures to bolster Canada's steel industry and prevent steel dumping in the Canadian market.
The Canadian government plans to 'restrict and reduce foreign steel imports,' in part by reevaluating and changing tariff rates, Carney announced in Hamilton, Ont.
Canada is also increasing tariffs on steel imports from non-U.S. countries containing steel melted and poured in China, Carney said.
'We have the potential to become our own best customer for steel, but we will lose that ability if we don't manage the profound transformation now underway in the industry, and to do that, we have to change the way we do things so we can better support our companies and our workers during this time of change,' Carney said.
In February, U.S. President Donald Trump announced a 25 per cent tariff on all steel and aluminum imports, including from Canada. Last month, he increased the rate to 50 per cent.
This is a breaking news story. More to come.
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'I have been speaking to Coca-Cola about using REAL Cane Sugar in Coke in the United States, and they have agreed to do so,' Trump said Many Americans and Canadians seek out Mexican Coke, imported in nostalgic glass bottles and sweetened with sugar, not high-fructose corn syrup. Photo byCoke preferences can get pretty niche. People in Canada and the United States have long waxed lyrical about the Mexican version. (Though some claim Colombian Coke is even better.) One of the most common reasons fans give for seeking out the nostalgic, glass-bottled Mexican import comes down to the sweetener. Our southern-most North American neighbour uses sugar, while the Canadian and American versions contain high-fructose corn syrup. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Exclusive articles by top sports columnists Patrick Johnston, Ben Kuzma, J.J. Abrams and others. Plus, Canucks Report, Sports and Headline News newsletters and events. Unlimited online access to The Province and 15 news sites with one account. The Province ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles and comics, including the New York Times Crossword. Support local journalism. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Along with seed oils and artificial food dyes, U.S. Health Secretary Robert F. Kennedy Jr. has targeted high-fructose corn syrup in his 'Make America Healthy Again' campaign. On July 16, President Donald Trump pitted the sweetener against sugar, saying that Coca-Cola had agreed to swap out corn syrup in its flagship product. 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Research suggests that 'from a nutritional standpoint, there's no difference between high-fructose corn syrup and sucrose (table sugar),' Marion Nestle, the Paulette Goddard Professor of Nutrition, Food Studies and Public Health, Emerita, at New York University, told CNN. 'They have the same number of calories,' Nestle said. 'They taste the same.' On July 16, U.S. President Donald Trump said Coca-Cola had agreed to swap corn syrup for cane sugar in American Coke. Photo byWhat is high-fructose corn syrup? High-fructose corn syrup is made from cornstarch. Roughly 80 per cent of the world's sugar is made from sugarcane, and the remaining 20 per cent is produced using sugar beets, according to the Canadian Sugar Institute. Unlike sugarcane, a tropical plant, corn is native to the Americas. It's plentiful in North America, where corn syrup is cheaper than sugar. 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'High amounts of fructose in the diet can promote fat accumulation in the liver and increase triglycerides,' she says. 'However, the difference between the two types of sugar is minor, and both are best consumed sparingly.' This advertisement has not loaded yet, but your article continues below. High-fructose corn syrup appears as 'glucose-fructose' in Canadian ingredient lists, highlights the National Indigenous Diabetes Association. Coca-Cola Canada lists it on product pages as 'sugar/glucose-fructose' (which Health Canada defines as 'sugar or glucose-fructose, singly or in combination'). What is Coca-Cola saying about the recipe change? Coca-Cola has been using high-fructose corn syrup to sweeten Coke in the U.S. since the 1980s. In response to Trump's social media post, the beverage giant initially said it appreciated his 'enthusiasm' for the brand and that details on 'new innovative offerings' would soon follow. 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