The U.S. Department of Commerce has issued a preliminary determination that some steel producers in Canada are receiving unfair subsidies, which could harm American businesses. This investigation covers steel products resistant to corrosion that are imported from Canada during the year 2023. The Department of Commerce has outlined methods they used in the investigation and has left room for public comments. They have also set guidelines for Customs to start imposing cash deposits on the affected steel products until a final decision is made.
Simple Explanation
The U.S. government thinks some Canadian steel companies are getting unfair help from their government, which could hurt U.S. businesses. Until a final decision is made, those companies have to pay extra money when they sell their steel to the U.S.