### Canada Considers New Tariffs on U.S. Steel and Aluminum Amid Trade Negotiations In a significant development regarding trade relations between Canada and the United States, Prime Minister Mark Carney announced on June 20, 2025, that Canada may impose new tariffs on U.S. steel and aluminum imports. This decision is contingent upon the progress of ongoing trade talks with U.S. President Donald Trump. The potential tariffs are set to take effect on July 21, 2025, if a satisfactory trade agreement is not reached within the next 30 days. This announcement follows President Trump's recent decision to double tariffs on these imports to 50%, which has prompted Canada to consider retaliatory measures to protect its domestic industries [https://www.business-standard.com/world-news/canada-may-hike-tariffs-on-us-steel-aluminium-based-on-trade-talks-carney-125062000526_1.html][https://www.businesstimes.com.sg/international/canada-will-adjust-counter-tariffs-us-metals-if-no-deal-30-days]. ### Structure of the Response 1. **Background of Tariff Discussions** - Overview of the current trade tensions between Canada and the U.S. - Details on the recent doubling of U.S. tariffs on steel and aluminum. 2. **Canada's Proposed Tariff Adjustments** - Explanation of the potential new tariffs and their implementation date. - Conditions under which these tariffs will be enacted based on trade negotiations. 3. **Implications for Canadian Industries** - Discussion on how these tariffs aim to protect Canadian steel and aluminum sectors. - Overview of the economic impact on Canada due to U.S. tariffs. 4. **Future Trade Negotiations** - Insights into the timeline for reaching a new trade agreement. - Potential outcomes if negotiations fail. ### Supporting Evidence and Data - **Current Tariff Rates**: - U.S. tariffs on steel and aluminum have been increased to **50%**. - Canada currently imposes a **25%** counter-tariff on these imports, which may be adjusted based on negotiations [https://www.nwaonline.com/news/2025/jun/20/canada-eyes-raise-in-us-metal-tariffs][https://www.packagingdive.com/news/canada-steel-aluminum-tariffs-carney-trump/751208]. - **Timeline for Negotiations**: - A 30-day window has been established for reaching a new trade deal, with July 21 as a critical date for potential tariff adjustments [https://www.mining-journal.com/regulation/news-analysis/4515629/canada-considers-us-steel-aluminium-tariffs-amid-trade-talks][https://www.cnbc.com/2025/06/19/canada-to-address-unfair-trade-in-steel-and-aluminum-sectors-carney-says.html]. ### Summary of Findings **In conclusion**, Canada is poised to implement new tariffs on U.S. steel and aluminum imports if trade negotiations with the U.S. do not yield satisfactory results by July 21, 2025. 1. **Background**: The trade relationship is strained due to recent U.S. tariff increases, prompting Canada to consider retaliatory measures. 2. **Proposed Adjustments**: Canada may raise its counter-tariffs, currently at 25%, depending on the outcome of negotiations. 3. **Economic Implications**: These tariffs are intended to safeguard Canadian industries from the adverse effects of U.S. trade policies. 4. **Negotiation Timeline**: A 30-day period has been set for reaching a new trade agreement, with significant implications for both countries if negotiations fail. This situation underscores the ongoing complexities of international trade relations and the potential for escalating tariffs to impact both economies [https://www.apnews.com/article/canada-carney-trade-us-trump-tariffs-4d22145bc3834b65f6e68805ce0cc3e6][https://www.benzinga.com/markets/macro-economic-events/25/06/46019157/canada-threatens-higher-tariffs-on-us-steel-aluminum-if-no-deal-is-reached-by-july-21-mark-carney-says-hes-ensuring-protection-against-unjust-us-levies].