Ottawa has announced new steel quotas to bolster the industry in response to U.S. tariffs, imposing a 50 percent surtax on steel imports exceeding 2024 levels from countries with which Canada does not have a free trade agreement.
“Our government has a mandate to build one Canadian economy—the strongest in the G7. That means standing up for our industries and workers and defending them from the harmful impacts of unjust U.S. tariffs,” Finance Minister François-Philippe Champagne said in a June 27 press release.
