Canada sets steel import limits, exempts U.S. and Mexico

Canada has introduced new measures cutting the tariff-free import of steel from 100% to 50% of volumes from countries outside the without free trade agreements.
加拿大針對未簽訂自由貿易協定的國家，將鋼鐵免關稅進口配額降至 50%。

Imports exceeding the limit will incur a 50% tariff, according to an announcement by Prime Minister Mark Carney.
超過配額的進口量將課徵 50%關稅。

Countries with free-trade deals excluding the U.S. and Mexico will be limited to shipments equal to 100% of 2024 volumes, with anything above that hit with a 50% tariff.
已簽訂自貿協定的國家（不含美、墨），進口量限於 2024 年水平，超額部分將課徵 50%關稅。

Existing arrangements under the Canada-U.S.-Mexico Agreement will remain unchanged.
現行的《美加墨協議》安排維持不變。

The restrictions aim to help domestic steelmakers that will be hurt by retaliatory tariffs imposed by the US, Carney said. The premier also said the country will be diversifying its trade beyond the US and prioritizing the use of domestic steel.
總理卡尼表示，此舉是為保護國內鋼鐵業免受美國報復性關稅衝擊，並將推動貿易多元化及優先使用本國鋼鐵。

US President Donald Trump has currently set a 50% tariff on Canadian steel imports. Carney said on Wednesday that over 90% of exports from Canada go into the US, which he called an “unsustainable” situation.
美國總統川普已對加拿大鋼鐵課徵 50%關稅。卡尼指出，加拿大超過九成出口至美國，此為不可持續的狀況。

China is another target of Canada’s new import restrictions. Carney said an additional 25% tariff would be charged on steel imports from non-US countries with steel “melted and poured in China.”
新措施也針對中國，若鋼鐵由中國熔煉，即使從非美國家進口，也將加徵 25%關稅。

In addition, Carney has said he will change the federal policy to require the use of domestic steel by contractors, especially in major projects such as housing and in the defense sector.
此外，卡尼將修改聯邦政策，要求住宅、國防等重大建案的承包商必須使用本國鋼鐵。

Canadian steelmakers met the news with positivity.
加拿大鋼鐵業者對此消息表示歡迎。

Catherine Cobden, CEO of the Canadian Steel Producers Association, expressed relief on the announcement, noting that it puts the industry in "a much better place than where we were yesterday."
加拿大鋼鐵生產者協會執行長表示，此舉讓業界處境大幅改善。

She noted that steel production dropped 30% in May following the first 25% tariff announcement by Trump in March, and the association is bracing for another decline to reflect the doubling of the rate to 50% in June.
她指出，自美國三月宣布 25%關稅後，五月鋼鐵產量已下降 30%，業界正為六月關稅提高至 50%的衝擊做準備。

ETFs: (NYSEARCA:SLX)

Here are some Canada-linked ETFs: (EWC), (FXC), (FLCA), (BBCA).
以下為加拿大相關的 ETF 代碼：(EWC)、(FXC)、(FLCA)、(BBCA)。