Canada to target steel originating from China with new tariffs

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Those include a new 25 per cent tariff on all steel products that contain metal melted and poured in China by the end of the month.

Canada will also impose import quotas based on how much steel was imported from each country in 2024, with countries that don't have a free-trade agreement with Canada already in place impacted more than those that do.

Imports that exceed these quotas will be charged a 50 per cent tariff rate.

Carney said Canada's steel industry will be among the most impacted by the ongoing global rearrangement of markets because it is one of the most open in the world for steel and the industry must be protected.

"Imports supply almost two-thirds of current Canadian consumption of steel, compared to less than one-third for the United States and less than one-sixth for the European Union," Carney said.

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The prime minister said Canada must rely more on "Canadian steel, for Canadian projects."

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