Ottawa to Extend Steel Tariff Quotas, Remission Program for 1 Year
The federal government plans to extend measures to support the domestic steel and aluminum industry through tariff headwinds for another year. Finance Canada says a remission program that pays back certain firms for Canadian tariffs on steel and aluminum from the United States will be extended until the end of June 2027. Steel imports from [...]
TL;DR
- Federal government extends measures to support domestic steel and aluminum industry.
- Remission program for tariffs on U.S. steel and aluminum extended to June 2027.
- 50 percent tariffs on steel imports from non-U.S./Mexico countries continue for an additional year.
- Canadian Steel Producers Association praises import quota regime but criticizes remission program extensions.