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Capital Finance International Magazine (CFI.co)颁赠
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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World Finance Forex Awards 2022 颁发
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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荣获2022年City of London Wealth Management Awards
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CFI.co于2022年颁赠
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荣获Global Forex Awards 2022 — 零售外汇 颁赠
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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荣获2021年City of London Wealth Management Awards
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荣获Global Business Awards 2020
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荣获2020年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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荣获Global Forex Awards 2021 — 零售外汇 颁赠
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World Finance 2021颁发
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World Finance Magazine 颁赠
World Finance Forex Awards 2020 -
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World Finance Magazine 颁赠
World Finance Forex Awards 2019 -
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荣获 World Finance Forex Awards 2018 颁赠
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CFI.co于2023年颁赠
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荣获2023年City of London Wealth Management Awards
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Ultimate Fintech 2021年颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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Finance Magnates 颁发
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荣获World Finance Forex Awards 2023最佳外汇客户服务奖
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Carney is expected to announce new measures to support the steel industry hit by U.S. tariffs
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Hello everyone, today XM Forex will bring you "[XM Foreign Exchange Market www.xmtraders.commentary]: Carney is expected to announce new measures to support the steel industry hit by US tariffs." Hope this helps you! The original content is as follows:
The Canadian federal government plans to support the country's steel industry in coping with the impact of damaging U.S. tariffs by restricting steel imports and reducing interprovincial rail freight rates.
Prime Minister Mark Carney will announce the new measures later on Wednesday (November 26) local time, according to a government official who was not authorized to disclose details before the announcement.
According to the Prime Minister’s public schedule, Carney will announce “new measures to protect and transform Canada’s strategic industries” at 4:15 am Beijing time on Thursday.
The government plans to further cut steel imports from countries without free trade agreements to 20% from the current 50% of 2024 levels, the official said. This move is aimed at allowing local Canadian steel www.xmtraders.companies to fill gaps in the domestic market and is expected to release 854 million Canadian dollars in domestic demand.
In July this year, the Carney government reduced the steel import quotas for countries without free trade agreements to 50% of the 2024 level and imposed a 50% tariff on excess imports.
Countries that have free trade agreements with Canada are also expected to face import restrictions, but the specific extent of the reductions has not yet been determined. In July this year, the government imposed a 50% tariff on all steel products from these countries (except the United States) that exceed the 2024 import volume.
The government also plans to work with Canadian National Railways to reduce interprovincial steel transportation costs by 50%. If the railroad cannot offer lower rates, the federal government will subsidize the difference, the official said.
It is unclear whether the same measures and subsidies will apply to steel shipped to the north. Building materials in these areas need to be shipped during the navigation seasonFestivals are shipped to Nunavut www.xmtraders.communities by sea or trucked overland to the Northwest Territories and Yukon.
These measures www.xmtraders.come as the Canadian steel industry continues to suffer after U.S. President Trump imposed a 50% tariff on Canadian steel in June.
Trump suspended trade talks with Canada last month after the Ontario government placed a television ad in the U.S. market citing former U.S. President Ronald Reagan’s 1987 remarks about the drawbacks of tariffs.
In the House of Representatives on Tuesday, Carney promised to unveil an aid package for the steel, auto and lumber industries "within the week." During this period, Conservative MPs continued to pressure him over his remarks last weekend - when asked about the time of his latest phone call with Trump, Carney responded with "Who cares?"
The government official revealed that Carney is also expected to announce support measures for the softwood lumber industry later on Wednesday local time.
Canada’s countermeasures may intensify trade tensions with the United States. As Canada's largest trading partner, if the United States takes further countermeasures, it will seriously impact Canada's economic prospects and put pressure on the Canadian dollar.
The Trump administration’s response to this matter is the greatest uncertainty, and market risk aversion may increase, leading to capital outflows from the Canadian dollar.
The Canadian dollar continued to rebound on Wednesday, with the U.S. dollar falling against the Canadian dollar for the second consecutive trading day, down about 0.18%.
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