Carney warns of retaliatory measures if US fails to strike a new steel and aluminum deal within 30 days
Canada
will revise its 25 percent retaliatory tariffs on US steel and aluminum if a new trade deal is not reached within 30 days, Prime Minister
Mark Carney
announced Thursday(June 19). The announcement comes in direct response to the United States' decision to double its tariffs on Canadian metal imports to 50 percent.
'Canada will adjust its existing counter tariffs on US steel and aluminum products on the 21st of July, at the end of that 30-day period,' Carney stated.
Canada exported nearly 6 million tonnes of steel and over 3 million tonnes of aluminum to the US in the past year, according to US trade data.
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Trump to launch new round of tariffs, targeting pharma, chips and minerals
Days after the G7 summit
Live Events
Carney's declaration was made just days after a tense exchange with US President
Donald Trump
during the
G7 summit
in Alberta, where world leaders urged Washington to reverse its hardline trade stance.
Talks between Canadian and US officials are ongoing, with both sides working toward a potential agreement before the deadline. Canadian officials say they are optimistic but prepared to act.
Boosting domestic industries
Carney also unveiled new support measures for Canada's domestic steel and aluminum industries. These include federal procurement rules that prioritize Canadian suppliers and protections against foreign dumping.
Also Read:
G7 Summit opening in Canada with focus on trade, wars and not riling Trump
'As the primary foreign supplier of steel and aluminum to the United States, we will not accept unjustified and illegal tariffs,' Carney said. 'We're defending Canadian workers and our economic sovereignty.'
Industry groups have welcomed the government's tougher stance. 'At 50 percent tariffs, the US market is essentially closed to us,' said Catherine Cobden, head of the Canadian Steel Producers Association. 'This is about survival.'
In Hamilton, Ontario, workers at one of Canada's largest steel mills say they are already seeing reduced orders. 'It's not just numbers, it's jobs,' said mill technician Joanne Chen. 'Every announcement affects our families.'
Carney emphasized that a successful deal would preserve Canada's access to the US market while protecting the country's ability to trade independently.
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