Trump, Tariff and Trade Deals
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A staffer works in a steel company that makes high-end automotive spring steel in Ma'anshan, East China's Anhui Province on June 24, 2025. Chinese companies are advancing their efforts in new quality productive forces, a new development paradigm, to improve total factor productivity. Photo: VCG
Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
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Al Jazeera on MSNCanada introduces tariffs on trade partners to protect domestic industriesCanadian Prime Minister Mark Carney has said that Canada will introduce a tariff rate quota on countries it has free trade agreements with, excluding the United States, in order to protect its domestic steel industry. Carney announced the new measures on Wednesday.
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President Donald Trump's widespread tariffs have started to increase the price of many goods and products that American consumers buy, recent inflation reports show. When the tariffs were first announced,
Canadian Prime Minister Mark Carney on Wednesday said that Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.
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Tariffs—taxes placed on imported goods—are one of the oldest tools in the United States' economic policy arsenal, dating back to the 18th century. Recently they've returned to the spotlight in a big way.
Prime Minister Mark Carney is expected to announce support for the Canadian steel industry, which has been clobbered by U.S. President Donald Trump's tariffs, at an event in Hamilton, Ont., later this morning.