Canada to extend US steel and aluminum tariff measures for one year
Steel News | 2026-06-04 00:15:21
The extensions, subject to cabinet approval, would run to June 27 and June 30, 2027, respectively, with imports exceeding quota limits still facing a 50% tariff, the government said in a statement.
By Paul Ploumis
SEATTLE (Scrap Monster): Canada will extend steel tariff-rate quotas and tariff relief on certain U.S. steel and aluminum imports by one year, Finance Minister François-Philippe Champagne said on Wednesday, citing the need to shield workers from global excess capacity and give industry longer-term certainty.
The extensions, subject to cabinet approval, would run to June 27 and June 30, 2027, respectively, with imports exceeding quota limits still facing a 50% tariff, the government said in a statement.
Courtesy: www.reuters.com
