Canada on May 4 announced C$1.5 billion in support for firms affected by recent US tariff changes on imports containing steel, aluminum and copper. [1]
Prime Minister Mark Carney’s government said the package, worth about $1.1 billion, is aimed at Canadian companies facing the higher costs and disruption from the US duties. [1]
The US changed its tariff system in early April 2026, imposing a 25% surcharge on the total value of products containing the metals. That replaced a previous 50% tariff that applied only to the metal content. [1]
The shift followed complaints from importers about the complexity of the earlier regime. [1]
The Canadian aid package comes as businesses on both sides of the border adjust to the new tariff calculation. Ottawa did not announce any further details in the fact set, but the support totals C$1.5 billion and is the latest response to the US changes. [1]