Particle.news
Download on the App Store
20 ARTICLES
·
3mo ago

Canada Unveils Quota and Procurement Measures to Shield Steel and Aluminum Sectors

A tariff rate quota for non-FTA steel imports with procurement restrictions shields Canadian producers ahead of a July 21 deadline for US trade talks.

Image
Minister of Industry Mélanie Joly speaks to a group of workers after touring the ArcelorMittal Dofasco steel plant in Hamilton in early June.
The Canadian Steel Producers Association, which represents 17 companies, including Stelco, pictured, has repeatedly advocated for antidumping duties to ease the impact of U.S. tariffs.
Image

Overview

  • Canada will cap non-FTA steel imports at 100% of 2024 volumes through a retroactive tariff-rate quota subject to a 30-day review.
  • Federal procurement contracts will be restricted to Canadian suppliers and designated reciprocal trading partners starting June 30.
  • Ottawa will adjust its counter-tariffs on US steel and aluminum on July 21 based on progress in negotiations with Washington.
  • Two government-stakeholder task forces for steel and aluminum will be established to monitor market trends and advise on further actions.
  • Additional country-specific tariffs will be introduced in the coming weeks to address global overcapacity and unfair trade practices.