Feds implement new measures to protect Canada’s steel industry
The Government of Canada also published a list of imported steel derivative products that will be subject to a 25 per cent global tariff, effective December 26, 2025.
SEATTLE (Scrap Monster): The Government of Canada has implemented new measures aimed at protecting and strengthening Canada’s steel industry as manufacturers continue to face uncertainty related to U.S. tariffs and global supply chain disruptions.
The Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced the measures, which were first outlined by the Prime Minister on November 26. They are intended to provide immediate relief and long-term clarity for Canadian manufacturers while supporting the transition to domestic supply chains.
To provide stability as businesses adjust, the government has temporarily extended the horizontal remission of Canadian tariffs on imports from the United States. The remission for steel goods used in manufacturing, processing, food and beverage packaging, and agricultural production has been extended to January 31, 2026. Steel goods used in the manufacturing of motor vehicles, aerospace goods, and related parts will receive remission until June 30, 2026.
Remission for aluminum goods used in manufacturing, processing, food and beverage packaging, and agricultural production has been extended to June 30, 2026. The same extension applies to goods used for public health, health care, public safety, and national security purposes.
According to the government, the extended remission period will provide businesses with greater predictability as they adjust supply chains and transition from imported sources to Canadian domestic supply.
The Government of Canada also published a list of imported steel derivative products that will be subject to a 25 per cent global tariff, effective December 26, 2025. In addition, tariff rate quota levels for imported steel products will be reduced on the same date to 20 per cent of 2024 levels for non free trade agreement partners and 75 per cent of 2024 levels for non CUSMA free trade agreement partners.
“Canada's new economic plan is focused on resilience. By implementing these clear, targeted measures, we are sending a strong signal: the government stands behind workers and businesses. We will be there to support them as Canada transitions from an economy dependent on a single trading partner to one that is resilient to global shocks,” said François-Philippe Champagne, Minister of Finance and National Revenue.
Courtesy: www.canadianmetalworking.com