July 16, 2025
RED FM News Desk
Amid escalating trade tensions with the United States, Prime Minister Mark Carney on Wednesday announced a series of measures aimed at strengthening Canada’s steel sector and curbing steel dumping.
Speaking in Hamilton, Ont., Carney said the federal government will move to “restrict and reduce foreign steel imports,” including a review and potential adjustment of current tariff rates.
One key change includes new tariffs on steel products imported from countries other than the U.S. if the steel was originally melted and poured in China—an effort to close loopholes exploited in global supply chains.
“We have the potential to become our own best customer for steel,” Carney said. “But we risk losing that if we don’t actively manage the transformation now underway in the industry. That means rethinking how we support our businesses and workers through this critical period.”
The announcement follows a sharp escalation in trade pressure from the U.S., where President Donald Trump in February imposed a 25 per cent tariff on all steel and aluminum imports, including from Canada. That rate was raised to 50 per cent last month.
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