Canada considers relief framework for Chinese import tariffs

Canada is exploring a relief framework for firms facing a 25% surtax on Chinese steel and aluminum imports set to be imposed later this month. Finance Minister Chrystia Freeland highlighted stakeholders' concerns about adjusting supply chains and potential factors for tariff relief.

Canada could offer firms some relief from a 25% surtax that is due to be imposed later this month on imports of Chinese steel and aluminum, Finance Minister Chrystia Freeland said on Tuesday.

Canada announced the measures in late August, citing China's intentional, state-directed policy of over-capacity. Freeland said Ottawa had heard concerns from some stakeholders about their ability to adjust supply chains before the measures come into effect on Oct 22.

"The government intends to implement a framework to consider requests for tariff relief. Potential factors that may be included in the framework are situations of short supply ... and other exceptional circumstances," she said.

Further details of how the framework will work would be released later, she added.

(With inputs from agencies.)