Global Trade Alert
Global Trade Alert

Canada: Additional measures to protect steel and softwood lumber sectors, including tariffs and tightened tariff-rate quotas (November 2025)

Announcement

26 Nov 2025

In November 2025, the Canadian government announced new measures to protect and strengthen its steel and softwood lumber sectors. These initiatives include tighter tariff rate quotas on steel imports, a new global tariff on certain steel-derivative products, and additional financing for the Softwood Lumber Guarantee Program.

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Number of interventions

4

3 certainly harmful

1 likely harmful

0 liberalising

List of interventions

Implementation date

26 Dec 2025

Revocation date:

No revocation date

Clarification: 11 Dec 2025
Import tariff quota In force
On 26 November 2025, Mark Carney, the Prime Minister of Canada, announced a reduction in tariff rate quota levels for steel products imported from non-free trade agreement (FTA) partners. This measure...
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Clarification: 11 Dec 2025
Import tariff In force
On 26 November 2025, Mark Carney, the Prime Minister of Canada, announced the imposition of a global 25% tariff on targeted imported steel-derivative products. The new tariffs will apply to all tradin...
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Clarification: 11 Dec 2025
Import tariff quota In force
On 26 November 2025, Mark Carney, the Prime Minister of Canada, announced a reduction in tariff rate quota levels for steel products imported from non-CUSMA partners with whom Canada has an FTA. The q...
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Implementation date

No implementation date

Revocation date:

No revocation date

Announced: 26 Nov 2025
Loan guarantee
On 26 November 2025, Mark Carney, the Prime Minister of Canada, announced the provision of an additional CAD 500 (USD 356.21) million to the Business Development Bank of Canada (BDC) Softwood Lumber G...
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