December 12, 2025 – Ottawa, Ontario – Department of Finance Canada

In a rapidly changing and uncertain world, Canada’s new government is focused on what we can control. It has a plan to protect and strengthen the sectors most affected by U.S. tariffs. This includes helping Canadian industries adapt to this new global landscape.

Today, the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, announced the implementation of new measures announced by the Prime Minister on November 26, designed to provide immediate relief and long-term clarity for Canadian manufacturers.  

To give Canadian businesses stability as they adjust supply chains, the horizontal remission of Canadian tariffs on imports from the United States has been temporarily extended as follows:

• to January 31, 2026 for steel goods, used for manufacturing, processing, food and beverage packaging, and agricultural production in Canada, with the exception of steel goods used for the manufacturing of motor vehicles, aerospace goods, and their parts, for which remission is extended to June 30, 2026.
• to June 30, 2026, for aluminum goods used for manufacturing, processing, food and beverage packaging, and agricultural production in Canada; and
• to June 30, 2026, in the case of any goods used for public health, health care, public safety and national security purposes.

The extended remission period will provide more predictability to businesses as they adjust their supply chains to transition from imported sources to Canadian domestic supply.

The Government of Canada also published today the list of imported steel-derivative products that will be subject to a 25 per cent global tariff, effective December 26, 2025.

As announced by the Prime Minister, tariff rate quota levels for imported steel products will also be reduced effective December 26, 2025:  to 20 per cent of 2024 levels for non-free trade agreement (FTA) partners, and 75 per cent of 2024 levels for non-CUSMA FTA partners.