Canada will adjust its steel retaliatory tariffs based on “consistent” progress made on trade negotiations with the United States on July 21, Canadian Prime Minister Mark Carney said Thursday. Carney did not specify what the additional retaliatory tariffs would look like.

Prime Minister Carney said the policy changes address ‘destabilization’ of metals sector due to U.S. trade policy.

Prime Minister Mark Carney announced Thursday new measures to help stabilize Canada's steel and aluminum sectors that have been hard hit by President Donald Trump's tariffs — with exports down and job losses up.