politics

US to Reduce Tariffs on Canadian Steel and Aluminum Exports to 25%

19 Ağustos 2026Bloomberg

The US is reportedly set to halve tariffs on Canadian steel and aluminum exports, reducing them to 25%. This move is part of a tentative trade deal aimed at improving bilateral trade relations.
The decision reflects ongoing negotiations between the two countries to address trade imbalances and strengthen economic ties.
The tariffs on steel and aluminum were initially imposed by the US in 2018 under national security claims, leading to tensions with Canada, one of its closest trading partners. The proposed reduction is seen as a step towards reconciliation and may set a precedent for future trade agreements.
Halving the tariffs on Canadian steel and aluminum could signify a thaw in US-Canada trade relations, which have been strained in recent years. This reduction may not only benefit Canadian exporters but also help US manufacturers by stabilizing supply chains.

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This article is based on information from unnamed sources and is subject to change as negotiations continue.