If Canada imposes a tariff on imported steel, the tariff

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When Canada imposes a tariff on imported steel, it increases the cost of imported steel compared to domestically produced steel. This leads to a rise in the Canadian price of imported steel, which in turn encourages consumers to shift towards locally produced steel. Thus, the demand for domestically produced steel rises, leading to an increase in Canadian steel production. However, the tariff also makes imported steel less competitive, resulting in a decline in Canadian consumption of imported steel. This may lead to a reduction in the number of jobs in the steel industry, both domestically and abroad.

If Canada Imposes a Tariff on Imported Steel, the Tariff