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Canada is taking decisive steps to protect its steel sector amid rising pressure from redirected foreign imports. Prime Minister Mark Carney has introduced new tariff measures and financial support to counter what he called a “distress signal ” from domestic producers.
Measures taken:
Effective immediately, Canada will enforce tariff-rate quotas on steel imports from non-free trade agreement (FTA) countries, slashing allowed volumes to 50% of 2024 levels.
· Any imports beyond this limit will face a 50% tariff. Even FTA nations—excluding the United States—will be subject to the same tariff if their exports exceed quota limits.
· In a targeted move, steel products containing Chinese-melted metal imported before the end of July will face a 25% tariff.
· Import curbs on non-U.S. steel: Tariff‑rate quotas (TRQs) will tighten to 50% of 2024 volumes for non‑FTA countries; above that, a 50% tariff applies. For FTA partners (excluding the U.S.), imports beyond quota face the same levy. All steel containing Chinese-melted metal will incur a 25% tariff if imported before end of July
· Alongside the import restrictions, the government unveiled a C$1 billion Strategic Innovation Fund to support Canadian steel and aluminum manufacturers. A C$70 million package will help workers with training, job transitions, and wage assistance. Small and medium-sized businesses will gain access to low-interest loans and liquidity support through the Business Development Bank of Canada.
The policy comes in response to increased foreign steel shipments redirected to Canada following higher U.S. tariffs. Industry leaders have welcomed the measures, calling them critical to preserving jobs and capacity in Canada’s steel sector.
These new protections signal Canada’s firm stance on defending domestic manufacturing amid global trade shifts.
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