Trump tariffs: Canadian steel companies pay millions after U.S says they didn't pay proper tariffs - BNN Bloomberg
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Article Excerpt
Two Canadian steel companies have agreed to pay $19 million to resolve allegations they knowingly failed to pay proper duties on flat-rolled steel manufactured in Europe and Asia, the U.S. Justice Department said Wednesday.
From May 2019 through January 2025, Farjess Inc. and Royal Canadian Steel Inc., along with part-owner and president Feroz Jessani, misrepresented the origin of the steel as Canadian and American, the department said in a news release.
The companies knew the steel was from China, Indonesia, Italy, Turkey or Vietnam, the department said.
A whistleblower broker flagged the …
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