Canada will offer more support to help the steel and lumber industries deal with United States tariffs and create a domestic market, as well as ramp up protections for steel and lumber workers.

Prime Minister Mark Carney outlined the new plan on Wednesday in a news conference.

Ottawa will reduce the quota for steel imports from countries that do not have a free trade agreement with Canada to 20 percent from 50 percent of 2024 levels, Carney said.

Countries with a free trade agreement (FTA) with Canada will see their quotas cut to 75 percent from 100 percent of the 2024 level. This does not include the US and Mexico, which are bound by the United States-Canada-Mexico free trade deal.

Canada will also impose a global 25 percent tariff on targeted imported steel-derivative products, and

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