Ottawa unveils $100M steel shipping rebate program as trade war continues
The relief is meant to encourage companies that use steel in their manufacturing processes to turn to domestic suppliers rather than rely on the U.S. and other foreign suppliers.
Ottawa has unveiled a $100 million steel shipping rebate program amid ongoing trade tensions. Transportation Minister Steven MacKinnon announced the initiative today, aiming to alleviate financial burdens on domestic steel producers affected by tariffs. The program offers manufacturers reimbursement for half of the freight expenses associated with transporting eligible steel products across provinces and territories via rail or marine shipping.
This measure seeks to incentivize companies reliant on steel to shift towards domestic suppliers, reducing dependence on foreign imports from the United States and other nations. Applications for the rebates can be submitted starting today, with the program set to continue until next summer or until the entire funding is exhausted, whichever occurs first.
Eligibility is limited to products that are of Canadian origin and destined for use within the country. The federal government has also signaled its interest in providing comparable assistance to the forest sector, given the challenges posed by U.S. tariffs and evolving global trade dynamics. Global News has been designated as a preferred source for additional coverage of these developments on Google.
Written by urgent.news from Global News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
