Prime Minister Mark Carney said Canada will maintain its tariffs on U.S. steel, aluminum and passenger vehicles while Ottawa and Washington intensify talks aimed at resolving long-running trade frictions in those sectors. Carney called the current bilateral trade agreement “the best it has ever been,” but added that Canada must preserve its competitive edge as discussions continue. The duties were first imposed during a previous round of tensions over industrial metals and automotive content requirements. Carney did not specify a timeline for lifting the levies, only noting that officials from both countries will step up engagement on what he described as “strategic sectors.”
Canada PM Carney: Will Retain Tariffs On Steel, Aluminium And Autos As We Work Intensively With US To Resolve Issues - To Intensify Discussions To Address Current Trade Challenges In Strategic Sectors
CANADA WILL RETAIN TARIFFS ON STEEL, ALUMINUM AND AUTOS AS WE WORK INTENSIVELY WITH THE U.S. TO RESOLVE THE ISSUES THERE.- CARNEY
CARNEY SAYS CANADA CURRENTLY HAS THE BEST TRADE DEAL WITH THE UNITED STATES; IT IS IMPORTANT WE DO EVERYTHING CAN TO PRESERVE CANADA'S ADVANTAGE