In response to increased 50% tariffs on steel imports to the US by the American administration, the Canadian government has announced actions to stabilize Canada’s steel industry and protect domestic production.  These measures will impact companies that produce steel, but also impact anyone who imports steel from overseas as tariffs are increasing on foreign imports.  These measures include:

• New Import Restrictions:

  • Steel imports from non-free trade agreement (non-FTA) countries will be sharply reduced, with a 50% tariff on volumes above 50% of 2024 import levels.  For information on steel import levels, visit here > 

  • FTA partners (excluding the U.S.) will also face a 50% tariff on steel imports exceeding 2024 levels.

  • A 25% tariff will apply to all steel containing Chinese steel by the end of July.

  • U.S. steel trade remains unchanged.

• Workforce and Industry Investments:

  • $70 million for worker training and income supports.

  • $1 billion in new funding through the Strategic Innovation Fund to support Canadian steel production and competitiveness.

  • Targeted loans and support for small and large steel firms facing financial strain.

• Prioritizing Canadian Steel:

  • Federal infrastructure projects will now require Canadian-made steel wherever possible.

The Langley Chamber, both directly and through our BC and Canadian Chamber network, are pushing the American and Canadian governments to reach a negotiated trade deal that puts these stop-start tariffs behind us and provides certainty for businesses.  In addition, we are advocating for supports to help businesses sustain these challenging times, and develop new interprovincial and international markets for their products.    For more information on the tariff issue, visit our Tariff Toolkit >