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Carney to Unveil Plan to Help Tariff-Hit Canada Steel Sector
Canada has opened the door to increasing its tariffs on US steel and aluminum next month if trade talks with the Trump administration stall. The government “will adjust its existing counter-tariffs on steel and aluminum products on July 21, to levels consistent with progress that has been made in the broader trading arrangement with the United States,” according to a statement Thursday. The US has 50% tariffs on foreign steel and aluminum, and Canada currently has 25% counter-tariffs on US-manufactured steel and aluminum products. But the two countries are currently negotiating on a trade deal, with a provisional ... (full story)
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- Jun 19, 2025 7:40pm Posted byFundamental Analysis234
