Prime Minister Mark Carney said Canada could raise duties on U.S.-made steel and aluminum as early as 21 July if bilateral trade negotiations fail to produce a wider economic and security agreement with President Donald Trump. The warning follows Washington’s decision on 3 June to double its import levy on the two metals to 50 percent. Canada currently applies 25 percent counter-tariffs on roughly C$15.6 billion worth of U.S. steel and aluminum. Carney told reporters that those measures will be “adjusted to levels consistent with progress in the talks,” signalling Ottawa may match or exceed the U.S. rate should discussions stall. Alongside the tariff threat, the government will tighten federal procurement rules to favour domestic and tariff-free suppliers and introduce tariff-rate quotas that cap steel imports from non-free-trade partners at their 2024 volumes. Carney also announced task forces to track market conditions, saying the moves aim to shield Canadian producers while keeping the door open for a negotiated settlement with Washington.
Canada's PM Carney: I am focused on the progress in the ongoing trade negotiations between Canada and US.
Canada is in very serious trouble with trade. Retaliation will not help them. Their only lifeline is the USMCA, which Carney has agreed to dispatch. Canada is beyond vulnerable. https://t.co/Mt1wcCXBXs
Canada to retaliate against U.S. steel, aluminum tariffs if Carney, Trump can't reach deal https://t.co/qN88Ginma6