Prime Minister Mark Carney announced Thursday new measures to help stabilize Canada’s steel and aluminum sectors that have been hard hit by U.S. President Donald Trump’s tariffs — with exports down and job losses up.
The new federal program includes a quota on foreign steel and a proposed tax hike on U.S. imports if Canada and the U.S. can’t reach a trade deal in a month’s time.
Carney said Canada’s counter-tariffs on U.S. steel and aluminum products would go up — or down, depending on the negotiations with Trump — on July 21.
