Canada: Temporary tariff remissions extended to 2027
Proposal to extend to June 30, 2027
Finance proposes to extend the temporary tariff remissions (i.e., horizontal tariff relief) for eligible steel and aluminum products from the United States, and additionally, for eligible steel products subject to derivative tariffs, to June 30, 2027 (from June 30, 2026).
Canada is also proposing to extend the current steel tariff-rate quotas regime for imports from non-CUSMA partners to June 27, 2027 (from June 27, 2026).
These businesses have an extra 12 months before they potentially face higher costs when these automatic temporary remissions are eliminated on June 30, 2027. The proposed extensions remain subject to approval by the Governor in Council and have not yet been enacted.
Read a June 2026 report prepared by the KPMG member firm in Canada