Canada to extend steel and aluminum tariff measures to support workers and businesses

June 3, 2026

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced the government will be extending key steel and aluminum tariff measures for one year.

Pending Governor in Council approval, Canada plans to extend the steel tariff‑rate quota (TRQ) system for imports from non‑CUSMA countries, along with existing tariff relief for eligible U.S. steel and aluminum products and for steel products subject to derivative tariffs. These measures would be extended to June 27 and June 30, 2027, respectively.

TRQ volumes would remain set at 20% of 2024 import levels for countries without a free trade agreement with Canada and 75% for those with one. Imports above quota would continue to face a 50% tariff. The United States and Mexico would remain exempt under CUSMA.

Alongside these extensions, the government will consult Canadian producers to ensure remission processes continue to support a competitive domestic steel market.

Please visit this link for more information: https://www.canada.ca/en/department-finance/news/2026/06/canada-to-extend-steel-and-aluminum-tariff-measures-to-support-workers-and-businesses.html

Topic(s)

Hot topics

U.S. Tariffs and Canadian Retaliatory Surtax

Security and Trade Facilitation Programs

International Trade and Border Management

Information source

Finance Canada

Disclaimer

The foregoing information is provided for informational purposes only and is not intended as, nor should it be considered, professional advice or a substitute for conducting your own thorough research and review. Before making any decisions or taking any action based on the information provided, you should conduct your own independent investigation and/or seek professional advice from a qualified expert in the relevant field. The CSCB disclaims all liability for actions taken or not taken based on the information provided.

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