On November 26, 2025, Canadian Prime Minister Mark Carney unveiled a plan to bolster the steel and lumber industries, which employ over 23,000 people. The initiative responds to US tariffs that have significantly impacted these sectors. Key components include reducing import quotas for non-free trade agreement countries and imposing a 25 percent tariff on certain imported steel products. Additionally, the government will work with railway companies to cut freight rates for transporting Canadian steel and lumber by 50 percent starting in early 2026. Carney emphasized the need for Canada to strengthen its domestic market, as reliance on the US has made the economy vulnerable. The steel industry contributes over 4 billion Canadian dollars to the GDP, highlighting its importance to the economy. The announcement comes amid ongoing tensions with the US regarding trade policies.