Canada Imposes Limits on Steel Imports, Exempting U.S. and Mexico

Canada unveiled new measures to support its steel industry amid 50% U.S. tariffs, including limits on foreign-made steel imports — excluding the U.S. and Mexico — before triggering steep duties. Prime Minister Mark Carney said the government will also review trade agreements and ongoing talks with the Trump administration. Additionally, Ottawa will impose a 25% tariff by the end of July on imports from non-U.S. countries containing steel melted and poured in China. “The trade actions of the United States are transforming global market dynamics and supply chains,” Carney said, warning Canada will be among the hardest hit. He noted the country has a “disproportionately open import market” and that foreign steel makes up about two-thirds of Canada’s consumption, which spans infrastructure, autos, shipbuilding, and manufacturing.