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Canada announces new tariff measures on imported steel to protect domestic industry
CANADA, JUL 17 – Canada will impose 25% tariffs and reduce import quotas on foreign steel to protect domestic producers, investing $1 billion and retraining 10,000 workers, Prime Minister Mark Carney said.
- On July 16, 2025, Prime Minister Mark Carney announced new import limits, reducing quotas to 50% and imposing a 50% surtax on excess steel from non-FTA countries.
- Amid rising U.S. tariffs, U.S. President Donald Trump imposed a 25% tariff on steel in February, which later increased to 50% by June, prompting Canada's response.
- Products now subject include over 530 items, from screws to railway tracks and the kitchen sink, and a 25% levy on China-processed steel.
- Support measures include $1 billion for the Strategic Innovation Fund and $70 million for training steel workers, combining industry and worker aid.
- Starting Aug. 1, quotas extend to FTA partners, but critics contest the implementation timeline.
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65 Articles
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