'All strategic sectors' being discussed as new U.S. tariff threat looms, says Carney
Canadian Prime Minister Mark Carney is actively negotiating with U.S. officials to address potential 50% tariffs on strategic sectors like steel and aluminum. While discussions are ongoing, the outcome remains uncertain as the August 19 deadline approaches.
Why it matters
The potential tariffs pose a significant economic threat to Canadian industries, necessitating high-level diplomatic intervention to protect trade relations.
During a housing-related announcement in Toronto on Wednesday, Carney highlighted his desire for "all 232s to be addressed."
Section 232 is the legislation that Trump has used to impose the bulk of his tariffs targeting sectors that include aluminum, steel and auto parts. The law gives the U.S. president the authority to impose tariffs to protect American industries on the basis of a threat to national security identified by a U.S. Commerce Department investigation.
Canada-U.S. Trade Minister Dominic LeBlanc and chief trade negotiator Janice Charette are back in Washington this week for more meetings.
Carney said he's been "very involved" in those talks.
Carney says he's 'very involved' in U.S. trade negotiations as tariff deadline approaches
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