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Canada announces retaliatory measures on U.S. steel, aluminum tariffs

  • In March 2025, Canada implemented a 25 percent tariff retaliation on steel and aluminum imports from the United States.
  • The counter-tariffs followed U.S. President Donald Trump's March 25 percent tariffs, which he doubled to 50 percent in early June 2025.
  • Prime Minister Mark Carney announced Canada will adjust counter-tariffs on July 21, consistent with progress on a trade deal with the U.S.
  • Catherine Cobden, CEO of the Canadian Steel Producers Association, stated that due to the tariffs, Canadian steel exports to the U.S. have been largely halted, resulting in billions of dollars worth of steel remaining unsold.
  • Canada also created steel and aluminum task forces, introduced procurement rules favoring Canadian and reliable partners, and aims to stabilize the domestic market amid ongoing talks.
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Canadian Prime Minister Mark Carney announced today that he will protect the domestic steel and aluminum industry from US measures with new counter-tariffs and protectionist policies.

·Belgrade, Serbia
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  • 46% of the sources lean Left
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Kitco NEWS broke the news in on Thursday, June 19, 2025.
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