Canada’s Prime Minister Mark Carney just unveiled a bold steel‑import curtailment: all nations except the U.S. and Mexico now face limits tied to 2024 volumes—imports beyond that cap will attract a 50% tariff. Steel melted or poured in China is subject to a separate 25% tariff. For countries without free‑trade deals, the duty‑free quota is halved. These moves are a direct response to Trump’s 50% U.S. steel tariffs, aimed at containing trade diversion and stabilizing Canada’s domestic steel secto