<h1>Canada announces potential new tariffs on US steel and aluminum imports starting July 21 pending trade negotiations</h1> Canada's Prime Minister announced potential new tariffs on US steel and aluminum imports effective July 21, contingent on progress in ongoing trade negotiations with the US President. The announcement follows meetings where both countries agreed to pursue a deal within 30 days. Canada plans to adjust existing counter-tariffs to levels reflecting broader trading agreement progress. The US has imposed 50% tariffs on steel and aluminum, 25% on autos, and 10% on most imports, with potential increases after a 90-day negotiating period. Canada, being the largest foreign supplier of steel, aluminum and uranium to the US, seeks to protect domestic workers and stabilize the trading relationship worth billions daily.