According to a statement released by the Office of the Prime Minister of Canada, international markets have become increasingly distorted by excess capacity and non-market practices that generate artificially low imports. This pressure has been reinforced by recent U.
S. trade actions that have limited Canada's main export route and increased competition for imports domestically.
As a result, Canadian steel exports, traditionally more than half of domestic production, with more than 90 percent shipped to the U.
S., fell 24 percent year-on-year. The loss of revenue has been accompanied by an estimated 1,000 job losses since the tariffs were introduced.
Previously announced government support
In July and September 2025, Canada introduced several measures to stabilize the industry. These include tariff quotas, melting and backfilling country rules, employee support, liquidity tools, a $150 million Regional Tariff Response Initiative, a $1 billion Strategic Response Fund, and a new "Buy Canadian" policy framework. In this context, the government has announced the implementation of a new series of trade measures.
Reduction of tariff quotas to limit import surges
Canada to tighten existing tariffs
