Canadian Prime Minister Mark Carney tours steel fabricator Walters Group in Hamilton, Ontario, Canada July 16, 2025.  Photo: Reuters/Carlos Osorio

Canada announces steel tariffs on some trade partners

Carney introduces $1 billion fund for steel industry projects

Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.