The Canadian government is extending key steel and aluminum trade programs to shield domestic producers from global market pressures, including a tariff refund scheme until June 2027 and continued 50% tariffs on imports from non-U.S., non-Mexican sources. While the Canadian Steel Producers Association supports tighter import rules, they’re wary of the refund program weakening Canada’s stance against U.S. tariffs. Finance Canada argues these measures ensure stability and fairness for Canadian businesses facing international trade headwinds.
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