{"id":202405,"date":"2025-11-27T04:57:07","date_gmt":"2025-11-27T04:57:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/202405\/"},"modified":"2025-11-27T04:57:07","modified_gmt":"2025-11-27T04:57:07","slug":"canada-unveils-more-measures-to-protect-tariff-hit-steel-lumber-sectors","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/202405\/","title":{"rendered":"Canada unveils more measures to protect tariff-hit steel, lumber sectors"},"content":{"rendered":"

OTTAWA, Nov 26 (Reuters) – Canada will offer more support to help the steel and lumber industries deal with U.S. tariffs and create a domestic market, Prime Minister Mark Carney said on Wednesday.<\/p>\n

The government has also increased protection for steel and lumber workers, Carney told a press conference.<\/p>\n

Sign up here.<\/a><\/p>\n

Ottawa will reduce the quota for steel imports from countries that do not have a free trade agreement with Canada to 20% from 50% of 2024 levels, Carney said.<\/p>\n

Countries with an FTA with Canada will see their quotas cut to 75% from 100% of the 2024 level. This does not include the U.S. and Mexico, which are bound by the United States-Canada-Mexico free trade deal.<\/p>\n

Canada will also impose a global 25% tariff on targeted imported steel-derivative products, and incorporate border measures to combat steel dumping.<\/p>\n

In July, Ottawa set a quota of steel imports at 50% of the 2024 level from non-FTA countries in bid to stop dumping of foreign steel into Canada.<\/p>\n

The measures are being tightened to open up the domestic for Canadian-produced steel, said a government official.<\/p>\n

The steel industry contributes over C$4 billion to GDP and employs more than 23,000 people directly. It is, however, one of of the two sectors hit hardest by President Donald Trump’s 50% tariffs on steel imports from Canada.<\/p>\n

Ottawa will work with railway companies to cut freight rates for inter-provincial transfer of Canadian steel and lumber by 50%, beginning in early 2026.<\/p>\n

The government said would also support use of locally made steel and lumber in homebuilding, and financial aid for companies dealing with tariff-related impact such as on their workforce, liquidity crunch, and for restructuring operations.<\/p>\n

(Reporting by Promit Mukherjee, editing by David Ljunggren)<\/p>\n

((Reuters Ottawa editorial; david.ljunggren@tr.com, opens new tab<\/a>))<\/p>\n

Keywords: USA TRUMP\/CANADA STEEL<\/p>\n

Our Standards: The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n

Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"OTTAWA, Nov 26 (Reuters) – Canada will offer more support to help the steel and lumber industries deal…\n","protected":false},"author":2,"featured_media":202406,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[82519,2786,82703,84442,79,38368,53515,1802,82530,91305,83399,84146,82531,82702,83115,83116,179,18,82578,111481,45748,83117,19,17,83122,88437,63010,84450,82524,82508,92983,111482,83362,84438,91303,88553,82707,83387,107],"class_list":{"0":"post-202405","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-amers","9":"tag-asia","10":"tag-asxpac","11":"tag-bmat","12":"tag-business","13":"tag-ca","14":"tag-cn","15":"tag-com","16":"tag-destocabsm","17":"tag-destocadnm","18":"tag-destocatpm","19":"tag-destortao","20":"tag-destousbsm","21":"tag-easia","22":"tag-eci","23":"tag-eco","24":"tag-economy","25":"tag-eire","26":"tag-emrg","27":"tag-ferr","28":"tag-gen","29":"tag-govact","30":"tag-ie","31":"tag-ireland","32":"tag-mce","33":"tag-metl","34":"tag-mine","35":"tag-mtal","36":"tag-namer","37":"tag-pol","38":"tag-rulestrump","39":"tag-ste","40":"tag-topicbusiness-tariffs","41":"tag-topicmarkets-commodities-metals","42":"tag-topicworld-canada","43":"tag-tracc","44":"tag-trd","45":"tag-trf","46":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115619892120012855","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/202405","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=202405"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/202405\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/202406"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=202405"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=202405"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=202405"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}