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AL CIRCLE

Canada’s aluminium & steel sector could witness demand optimism & job security if trade talks succeed amidst ongoing tariff dispute

EDITED BY : 6MINS READ

Kirsten Hillman, Canada's ambassador to the United States, expressed confidence that the two countries could successfully reach a trade agreement within the 30-day deadline set during last week's G7 summit in Kananaskis, Alberta. This was announced right after a disappointing outcome at the G7 summit, where Canada had signalled to take stricter action against the US.

Canada’s aluminium & steel sector could witness demand optimism & job security if trade talks succeed amidst ongoing tariff dispute

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Hillman stated it is "too soon to tell" whether all US tariffs on Canadian goods will be lifted and declined to clarify whether the federal government would accept the continuation of any tariffs. She emphasised that Canada is advocating for "open trade and stability" to support Canadian workers and businesses.

"We can't do anything to force the US side to come to a deal, but we do think we have a good path forward if we're able to take it. These are things that will work themselves out in the next number of weeks," added Kirsten Hillman.  Sharing the same positive attitude, Prime Minister Mike Carney had also expressed somewhat positive sentiment regarding the 30-deadline set by Canada.

Since March 4, 2025, Canada imposed retaliatory 25 per cent tariffs on about USD 60 billion worth of US goods ranging from metals to consumer products in response to earlier US tariff actions. On June 19, Canada officially warned it would increase tariffs further on US steel and aluminium as early as July 21 unless significant progress is made in bilateral trade talks.

Anticipated plan to striking a deal ahead

Canada's talks with the US are covering a range of issues, including border security, and Arctic defence, though the primary focus for the leaders remains tariffs. Hillman noted that it's still uncertain whether defence and trade will be addressed in a single agreement expected within the stipulated timeline. She also remarked that President Trump has stated "many times" his preference for using tariffs.

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EDITED BY : 6MINS READ

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