Today, the Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced a series of measures to protect Canadian steel and aluminum producers and workers, some of these are listed below:
- Canada 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 United States.
- 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. As shared earlier this year, the government is also exploring additional ways to maximize the use of Canadian steel and aluminum in government-funded projects, including in coordination with Canadian provinces and territories.
- The government will protect Canada’s steel industry by establishing 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.
A remission process is in place to give businesses time to adjust their supply chains, with remissions currently granted under narrow, time-limited conditions to ensure a targeted and balanced approach. Additional individual requests are expected to be approved in the coming days. The Government of Canada will also review its remission framework to favour the use of Canadian steel and aluminum in Canadian-made products.
Please visit this link for more information: https://www.canada.ca/en/department-finance/news/2025/06/canada-bolsters-its-measures-to-protect-canadian-steel-and-aluminum-workers-and-industries.html