Prime Minister Mark Carney says Canada is taking steps to protect the steel and aluminum industries with new counter-tariffs and protectionist policies.
Carney says Ottawa is introducing rules on June 30 that will limit federal procurement to steel and aluminum sourced from Canada and “reliable trading partners.”
New tariffs will be imposed in the coming weeks to protect the industry from unfair trading practices and overcapacity, he says.
The heads of the Canadian Steel Producers Association and the United Steelworkers are visiting Parliament Hill today, calling for urgent action from the federal government.
U.S. President Donald Trump imposed a 25% tariff on all steel and aluminum imports in March, and hiked that rate to 50% earlier this month.
Canada responded with counter-tariffs on U.S. steel and aluminum products in March.