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Canadian steel firms to pay $19M to resolve claims of avoiding U.S. tariffs

Canadian steel firms caught dodging U.S. tariffs — a $19M morning reminder that trade rules have teeth.

Negative Business Economy Canada

Two Canadian steel companies have agreed to pay $19 million USD to resolve U.S. Justice Department claims that they misrepresented the origin of steel products as Canadian or American to avoid tariffs. The alleged scheme involved steel that actually originated from Europe and Asia, with the claims dating back to 2019. The settlement marks a significant enforcement action targeting tariff evasion in cross-border trade.

From the source

The U.S. Justice Department said the companies misrepresented the origin of the steel as Canadian and American rather than from Europe and Asia, with claims dating back to 2019.

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