- Canada announced new trade measures in response to increased US tariffs on Canadian steel and aluminium.
- Retaliatory tariffs on US metals will be revised, effective 21 July 2025.
- New procurement rule: Canada will reciprocate if a country restricts Canadian firms from public contracts.
- Tariff rate quotas introduced on steel imports from non-FTA countries, based on 2024 volumes.
- Stricter origin requirements for metals, focusing on production stages.
- Two task forces and a CAD 10 billion loan program established to support affected industries.
Source: bdo.global
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
