Mark Carney announced and supports tightening Canada’s steel import rules: reducing tariff‑rate quotas for non‑FTA countries from 50% to 20% and for FTA countries (excluding US/Mexico) from 100% to 75%, ending tariff remissions to boost domestic demand by ~$850 million.→Carney announced measures to support Canada’s steel sector: tightening quotas on foreign steel, promising reduced interprovincial rail freight rates for materials, and committing that the remission program for some steel importers will end at the end of January.
NewsNov 27, 2025
