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Canada announces surtax on steel imports, initiates short supply consultations, halts DST collection

|Tax Alerts, Legislation & Policy, Na ...|Canada
Canada

  • On 27 June 2025, Canada implemented a 50% surtax on imports of certain steel goods to address trade diversion risks, effective immediately, with the surtax set to apply until 26 June 2026, contingent on quarterly tariff rate quotas.
  • Importers must obtain shipment-specific permits to declare steel imports under the tariff rate quotas to avoid the surtax, emphasizing the need for careful compliance a…

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