Canada to revise 25% tariff on the US trade on aluminium & steel?

A new development has surfaced in the US–Canada trade relationship. As of July 2025, Canadian Prime Minister Mark Carney announced a potential revision of the existing 25 per cent retaliatory tariff on US aluminium and steel products. This move is contingent upon the outcome of trade negotiations between the two nations and if no agreement is reached within the next 30 days, the tariff structure will be reassessed. The announcement follows a formal policy update issued in July, establishing a conditional framework to guide tariff adjustments based on the progress and direction of ongoing bilateral discussions.

A throwback to the ongoing trade tension between the US and Canada
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