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Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
July 16, 2025Updated 3:56 p.m. ET
Prime Minister Mark Carney of Canada announced steps on Wednesday to block steel from China and other countries now subject to U.S. tariffs from overwhelming the Canadian market.
“The trade actions of the United States are further transforming global steel market dynamics and supply chains,” Mr. Carney told reporters. “Canada will be one of the countries most impacted by these developments.”
President Trump’s imposition of a 50 percent tariff on steel has set off turmoil in markets around the world, including in Canada, where steel is an important industry.
Mr. Carney’s government says that because of the U.S. tariffs, China was looking to export more steel to Canada. Many countries, including Canada, argue that Chinese exports like steel are sold at prices well below what it cost to produce them.
Last month, Mr. Carney said countries that do not have a free-trade agreement with Canada, including China, would be subject to 50 percent tariffs if their steel shipments to Canada exceeded 2024 levels.
But Canadian steel officials complained that this would not be enough to protect the domestic industry from what they feared would be a surge of foreign steel.
