The Canadian government has announced a one-year extension of key trade measures affecting steel and aluminum imports, keeping both tariff protections and tariff relief programs in place through June 2027.
According to the announcement, Canada will continue operating its tariff remission program, which reimburses eligible companies for certain tariffs imposed on U.S. steel and aluminum products.
The program had been scheduled to expire in June 2026 but will now remain available for an additional year.
Canada announces its intention to extend key steel and aluminum tariff measures to support steel and aluminum workers, businesses and industries in Canada. https://t.co/fF88OduV6G pic.twitter.com/IbCecnMRsi
— Finance Canada (@FinanceCanada) June 3, 2026
At the same time, Ottawa will maintain existing import restrictions on steel from countries outside the United States and Mexico.
Under the policy, steel imports exceeding designated quotas will continue to face a 50% tariff for another year as part of efforts to protect domestic producers from surging foreign supplies.
The measures have drawn mixed reactions from the industry. The Canadian Steel Producers Association welcomed the continuation of stricter import quotas but criticized the extension of the tariff remission program.
The group argued that providing reimbursement for certain tariff costs weakens Canada’s position in responding to U.S. trade restrictions and undermines protections for domestic manufacturers.
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TIPP Staff
