• Canada will introduce a series of countermeasures to help deal with Trump tariffs.
  • Will adjust its existing counter tariffs on US steel and aluminum products on July 21 (PM Carney)
  • level of Canadian counterterrorist will depend on progress of talks with US on new economic deal.
  • Only Canadian producers and producers from trading partners that provide Canada with tariff free reciprocal access can compete for federal government procurement of steel and aluminum.
  • Canada will adopt additional tariff measures to address risks associated with persistent global overcapacity and unfair trade in steel and aluminum sectors
Source: Forex Live