Overview
- Steel import quotas for non‑FTA countries will drop to 20% of 2024 levels, while FTA partners (excluding the U.S. and Mexico) fall to 75%.
- Canada will levy a global 25% tariff on targeted steel‑derivative products and tighten border measures against dumping.
- The government will work with railways to halve interprovincial freight rates for steel and lumber, subsidizing any shortfall beginning in early 2026.
- Softwood producers will get $500 million in federal loan guarantees, bringing available support for the sector to about $1.2 billion.
- Ottawa will add Buy Canadian procurement rules and roll out aid for workers and businesses, with officials estimating $854 million in domestic steel demand opened by the quota shifts.