Overview

• Ottawa cut non-FTA steel import quotas to half of 2024 volumes and will impose a 50% tariff on any excess shipments.
• Countries with free-trade agreements—excluding the United States—will incur 50% tariffs on steel imports that exceed their 2024 shipment volumes.
• The 25% duty on Chinese-origin steel takes effect by the end of July and applies to all products containing metal melted and poured in China.
• Ottawa allocated $70 million for employment insurance and retraining for up to 10,000 steelworkers, prioritized Canadian steel in public procurement, and expanded low-interest financing through the Large Enterprise Tariff Loan program.
• Canada will maintain existing U.S. counter-tariffs while it seeks a new trade pact with the United States by August 1.