See every side of every news story
Published loading...Updated

Canada announces new tariff measures on imported steel to protect domestic industry

CANADA, JUL 16 – Canada will reduce tariff-free steel imports by half from 2024 levels and impose a 50% tariff on excess volumes to shield domestic producers amid global trade tensions.

  • Prime Minister Mark Carney announced new tariff measures on July 16, 2025, at a Hamilton steel plant to protect Canada's steel industry.
  • The measures respond to U.S. President Donald Trump's February and June 2025 steel tariffs which shut Canadian mills out of the U.S. market.
  • Canada will impose import quotas based on 2024 steel volumes and introduce a 25% tariff on steel products containing Chinese melted and poured metal.
  • Carney emphasized that the industry is undergoing a major transformation, and if it is not managed effectively, the opportunity to serve as a leading consumer of steel could be lost.
  • These actions aim to prevent steel dumping and trade diversion, prioritize domestic producers in procurement, and bolster competitiveness amid a global steel market rearrangement.
Insights by Ground AI
Does this summary seem wrong?

33 Articles

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/yearSubscribe

Bias Distribution

  • 52% of the sources lean Left
52% Left
Factuality

To view factuality data please Upgrade to Premium

Ownership

To view ownership data please Upgrade to Vantage

thewrit.ca broke the news in on Tuesday, July 15, 2025.
Sources are mostly out of (0)