The Government of Canada announced a series of measures to protect Canadian steel and aluminum producers and workers:
The government will adjust its existing counter-tariffs on steel and aluminium products on July 21, to levels consistent with progress that has been made in the broader trading arrangement with the U.S.
The government will establish new tariff rate quotas of 100 per cent of 2024 levels on imports of steel products from non-free trade agreement partners to stabilize the domestic market and prevent harmful trade diversion as the result of the U.S. actions that are destabilizing markets. These quotas will be applied retroactively and will be reviewed in 30 days.
Additional tariff measures will be implemented over the coming weeks to address risks associated with persistent global overcapacity and unfair trade in the steel and aluminum sectors, which are exacerbated by U.S. actions. Measures will be applied on the basis of "country of melt and pour" for steel and "country of smelt and cast" for aluminum.
The government will immediately create two government-stakeholder task forces, one for steel and one for aluminum. These committees will meet regularly to closely monitor trade and market trends to support government decision making – to better support our industries and workers.
Effective June 30, the government will begin implementation of reciprocal procurement policies to limit access to federal procurements to suppliers from Canada and from our reliable trading partners that provide reciprocal access to suppliers from Canada through trade agreements.
Link to news release: Canada bolsters its measures to protect Canadian steel and aluminum workers and industries