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.

Source

Number of interventions

0 certainly harmful

4 likely harmful

0 liberalising

List of interventions

Implementation date

No implementation date

Revocation date:

No revocation date

Updated: 26 Nov 2025

Import tariff quota

Recent update from 26 Nov 2025:

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 meas...

Updated: 26 Nov 2025

Loan guarantee

Recent update from 26 Nov 2025:

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 Lumbe...

Updated: 26 Nov 2025

Import tariff

Recent update from 26 Nov 2025:

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 tra...

Updated: 26 Nov 2025

Import tariff quota

Recent update from 26 Nov 2025:

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. Th...