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Prime Minister announces new details for steel TRQs and remission end dates

Further limit foreign steel imports to ensure that Canadian steel producers have better access to the domestic market.

Reduced tariff rate quotas include the following:

  • Effective December 26, 2025, tariff rate quotas for countries that do not have a free trade agreement with Canada will be reduced from 50% to 20% of 2024 levels, with over-quota volumes continuing to face a 50% surtax.
  • Effective December 26, 2025, tariff rate quotas for countries that have a free trade agreement in force with Canada will be reduced from 100% to 75% of 2024 levels, with over-quota volumes continuing to face a 50% surtax. Canada will continue to honour its existing CUSMA carve-out. As such, the United States and Mexico will continue to be exempted from this requirement.
  • Effective December 26, 2025, Canada will apply a 25% tariff on the full value of listed steel derivative products from all countries. This measure will apply initially to a list of steel derivative products produced in Canada. This list may be periodically updated to reflect changes in market conditions. The initial, carefully selected list is expected to apply to over $10 billion in steel derivative imports. It will cover derivatives for which steel content is a large portion of the full value of the product, with the product categories shown below.

Expire the temporary horizontal remission of counter-tariffs on U.S. goods

Temporary remission of counter-tariffs for goods used in Canada will be expiring in the coming months.

  • remission for manufacturing, processing, food and beverage packaging, or agricultural production is currently set to expire on December 15, 2025.
  • remission on U.S. steel used for manufacturing, processing, food and beverage packaging, or agricultural production will expire effective January 31, 2026, with the continued exception of goods used for the manufacturing of automobiles, auto parts, and aerospace products.
  • remission on aluminum products will also continue beyond January 31, 2026.

Importers will still be eligible to apply for remission under the remission framework published by the government on March 4, 2025, which provides for ongoing tariff relief in a narrow set of circumstances, for example where inputs cannot be sourced domestically.

 

Please visit this link for additional details: https://www.pm.gc.ca/en/news/backgrounders/2025/11/26/prime-minister-announces-new-measures-protect-and-transform-canadas

 

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U.S. Tariffs and Canadian Retaliatory Surtax
Business resumption and emergency response
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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.