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

10 July 2025|Tax Alerts, Legislation & Policy, National/Federal Taxation, Global|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 and monitoring of import volumes.
Concurrently, Canada announced that it will rescind the Digital Serv…

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