🛡️ Canada's New Steel Industry Protection Measures and Tariffs
Description
The Canadian government's implementation of new protectionist measures and tariffs aimed at supporting the nation's steel industry. These measures, announced in late 2025, include the temporary extension of tariff remissions on imports from the United States for various sectors, like manufacturing and agriculture, with specific, extended deadlines for certain goods such as motor vehicle parts. Simultaneously, the government is imposing a 25 percent global tariff on a list of imported steel-derivative products starting in late December 2025. Furthermore, the source details that tariff rate quotas for imported steel products will be significantly reduced for non-free trade agreement partners. Finally, the text specifies several exemptions from these new derivative tariffs, including goods already subject to other surtaxes and those imported for the manufacture of aerospace or motor vehicle components before July 2026.
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