Canada is looking to increase tariffs on U.S. steel and aluminum imports as it seeks to protect its domestic steel industry, according to Automotive Dive.
The new tariffs would take effect July 21, just under two weeks after a 90-day pause on country-specific reciprocal tariffs is set to expire. Canada has said the tariffs would be raised “to levels consistent with progress that has been made in the broader trading arrangement with the United States.”
Additionally, federal procurement of steel and aluminum to suppliers from Canada will be limited beginning July 30, and will be putting in place 100% tariff quotas of 2024 levels for steel imports from countries it does not have free trade agreements with.
The U.S. and Canada are still working on negotiations. Canada Prime Minister Mark Carney and U.S. President Donald Trump recently spoke at the G7 Summit in Alberta, and are reportedly aiming for a deal to be made within the next 30 days.
“While we continue to aim for an agreement with the United States, we are taking strong, targeted action to respond to the unjust American tariffs and to protect the integrity of our steel and aluminum sectors,” said Canada Minister of Finance and National Revenue François-Philippe Champagne.
