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.

Trump imposed his 25 per cent tariff on all steel and aluminum imports in March and Canada responded with 25 per cent counter-tariffs on U.S. steel and aluminum products in March. But Canada has not changed its tariffs yet since Trump increased U.S. tariffs on steel and aluminum to 50 per cent on June 3.

Canadian Prime Minister Mark Carney says Canada will impose new tariffs on U.S. steel and aluminum imports on July 21 depending the progress of trade talks with U.S. President Donald Trump