Canada to Impose Provisional Steel Safeguards
Effective October 25, 2018, provisional safeguard measures apply to seven categories of steel products imported into Canada from most countries. These provisional safeguard measures take the form of tariff rate quotas (TRQs), with a 25% over access surtax that will apply to imports for 200 days from October 25, 2018, to May 13, 2019.
During this 200-day period, the Canadian International Trade Tribunal (CITT) will conduct a global steel safeguards inquiry. Following this inquiry, the CITT will report its recommendations to the Government of Canada, which will then decide whether or not to extend the application of safeguards for up to four years (to October 2022).
For further information, you can download the full report from Bennett Jones here.