Aluminum steel rolls. Credit: Canada West Foundation
Canada could increase counter-tariffs on US-produced steel and aluminum if it does not reach a broader trade deal with President Donald Trump within 30 days, Prime Minister Mark Carney said on Thursday.
Trump increased import duties on steel and aluminum to 50% from 25% earlier this month, prompting industry calls for an official response. Trump’s move could hurt Canada, which is the largest seller of the metals to the US.
Carney said on Monday he had agreed with Trump that the two nations should try to wrap up a new economic and security deal by July 21.
“Canada will adjust its existing counter-tariffs on US steel and aluminum products on July 21 to levels consistent with progress made in the broader trading agreement with the United States,” Carney told a press conference.
Carney refrained from immediately matching Trump’s June…
