- Canada is considering imposing more duties on US steel and aluminium.
- This is in response to US President Trump’s announcement to increase tariffs on Canadian steel and aluminium from 25% to 50%.
- Prime Minister Mark Carney warned of potential counter-tariffs if no trade deal is reached within 30 days.
- Canada is the largest supplier of steel and aluminium to the US.
- Canada exports over 90% of its steel and aluminium to the US.
- Carney and Trump aim to finalize a new economic and security deal by 21 July 2025.
- Canada plans to adjust counter-tariffs on US products based on progress in the trade agreement.
- Canada previously imposed 25% tariffs on steel and aluminium products.
- Trump has imposed tariffs on Canadian steel, aluminium, and automobiles.
- Trump signed an order for a 10% baseline tariff on imports from all countries, effective 9 April 2025, with a 90-day delay for reciprocal tariffs.
Source: regfollower.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
