Ottawa to extend steel tariff quotas, remission program for 1 year

OTTAWA — The federal government plans to extend measures to support the domestic steel and aluminum industry through tariff headwinds for another year.

Finance Canada says a remission program that pays back certain firms for Canadian tariffs on steel and aluminum from the United States will be extended until the end of June 2027.

Steel imports from countries except the United States and Mexico will also continue to be hit with 50 per cent tariffs above a certain quota for an additional year.

Both programs were set to expire later this month.