Jun 4, 2025 5:14 PM - Connect Newsroom
Today marks the start of new 50 per cent tariffs from the United States on steel and aluminum imports.That's double the previous rate.
Prime Minister Mark Carney once again called the tariffs unlawful and unjustified as he headed into a Liberal caucus meeting today. But Carney says his government isn't ready to respond just yet because they are in intensive trade discussions with the U-S to have tariffs removed under a new economic and security deal.
The Canadian steel and aluminum industries say doubling the tariffs will have a devastating impact while economists warn they could lead to higher prices for Americans.