Good morning! Welcome back to Queen Street Analytics' weekly roundup of US-Canada trade relations and foreign relations, drawing on both Canadian and US government sources.

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Start Date: 2025-03-16
End Date: 2025-03-22

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Main Stories

Canada Launches Consultations on Steel Trade Measures

The Canadian government has initiated a 30-day public consultation to explore trade measures that could protect the domestic steel market from diversion due to U.S. tariffs. Ministers François-Philippe Champagne and Anita Anand announced the initiative, highlighting potential harm from increased steel imports as a result of U.S.'s 25% tariffs on steel from all countries. Canada had previously imposed reciprocal tariffs on U.S. goods to counteract these measures.

Sources: Announcements: www.canada.ca

Support for Agricultural Sector Following Chinese Tariffs

Minister Kody Blois announced new support for Canadian agriculture after China imposed tariffs on canola oil, peas, and other products. The support through AgriStability includes increased compensation rates and higher payment caps. These measures aim to mitigate impacts on farmers and businesses affected by trade uncertainties with China and the United States.

Sources: Announcements: www.canada.ca