Canada’s Prime Minister Mark Carney welcomes U.S. President Donald Trump,as he arrives for the G7 Leaders’ Summit in Kananaskis, Alberta, Canada, June 16, 2025.
Chris Helgren | Reuters
Canada will quickly undertake tariff measures to handle dangers related to persistent international overcapacity and unfair commerce in metal and aluminum, Prime Minister Mark Carney informed reporters on Thursday.
U.S. President Donald Trump this month doubled the tariffs on imports of metal and aluminum to 50%. The transfer might damage Canada, which is the biggest vendor of the metals to the U.S.
Carney, saying the tariffs had been destabilizing markets, stated Canada would set up new tariff-rate quotas of 100% of 2024 ranges on imports of metal merchandise from non-free commerce settlement companions “to stabilize the home market and forestall dangerous commerce diversion.”
Carney stated on Monday he had agreed with Trump that the 2 nations ought to attempt to wrap up a brand new financial and safety deal inside 30 days.
Canada will regulate its current counter-tariffs on U.S. metal and aluminum merchandise on July 21 to ranges in line with progress made in talks, Carney stated, with out giving particulars.
