Canada’s Steel Industry’s Response to New Tariff Measures by PM Carney

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19.02.2026

Canada’s Steel Industry’s Response to New Tariff Measures by PM Carney

Steel sector praises new tariff measures, but says more needs to be done

Canada’s steel industry reacted to the latest tariff measures imposed by Prime Minister Mark Carney. The industry commends the measures for certain potential benefits, especially for steel and lumber sectors. However, concerns mount over the inability of these measures to compensate for the lost access to U.S. markets.

The steel industry is particularly critical about the imminent conclusion of the remission program, which adds to the prevailing uncertainty.

Sissi Chan