Canada Enacts New Measures To Strengthen Domestic Steel Sector

Canadian Minister of Finance and National Revenue François-Philippe Champagne recently announced the Dec. 26 implementation of new measures designed to provide immediate relief and long-term clarity for Canadian manufacturers. (As Connecting the Dots reported at the time, Prime Minister Carney outlined these measures on Nov. 26.)

To give Canadian businesses stability as they adjust supply chains to the new measures, Champagne said the horizontal remission of Canadian tariffs on imports from the United States has been temporarily extended as follows:

• To January 31, 2026 for steel goods, used for manufacturing, processing, food and beverage packaging, and agricultural production in Canada, with the exception of steel goods used for the manufacturing of motor vehicles, aerospace goods, and their parts, for which remission is extended to June 30, 2026;
• To June 30, 2026, for aluminum goods used for manufacturing, processing, food and beverage packaging, and agricultural production in Canada; and
• To June 30, 2026, in the case of any goods used for public health, health care, public safety, and national security purposes.

Champagne said the extended remission period will provide more predictability to businesses as they adjust their supply chains to transition from imported sources to Canadian domestic supply. The Canadian government also provided a list of imported steel-derivative products that was to become subject to a 25 percent global tariff effective Dec. 26, 2025.