Canada’s Prime Minister Mark Carney will impose measures to counter the oversupply of steel and aluminium imports and may increase levies on the US, as increasingly protectionist measures are deployed in the global tariff war over crucial industrial inputs.
Carney on Thursday said Canada would “adjust” its 25 per cent counter-tariffs on imports of the two metals from the US, based on how talks with Washington had progressed by July 21.
As an anti-dumping measure, Canada will also apply new tariffs on any increase beyond 2024 levels in steel imports from countries that do not have a free trade agreement with Canada.