14,200.20 TRY BIST 100 BIST 100
45.92 USD USD USD
6.83 CNY CNY CNY
53.37 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.40 TRY Interest Interest
97.54 USD Fossil Oil Fossil Oil
6.63 USD Copper Copper
110.06 USD Silver Silver
105.13 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,594.60 TRY Gold (gr) Gold (gr)
104.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Canada and the U.S. initiate new agreements in the steel, aluminum, and energy sectors

Canadian Trade Minister Dominic LeBlanc announced that, following the meeting between Prime Minister Mark Carney and U.S. President Donald Trump at the White House, the two countries would quickly begin working on agreements aimed at bringing greater certainty to the steel, aluminum, and energy sectors.

Canada and the U.S. initiate new agreements in the steel, aluminum, and energy sectors

LeBlanc told reporters after the meeting that these agreements would mark “the first step” toward future discussions addressing U.S. sectoral tariffs on other key Canadian industries such as lumber and automotive.

He added: “I believe we had a successful, positive, and substantive conversation with President Trump on trade matters,” LeBlanc said, emphasizing that this discussion was more detailed than previous high-level engagements. “We discussed ways to quickly reach an agreement that would bring better conditions for both countries in these critical sectors,” 

LeBlanc stated that, by the end of the meeting, both leaders instructed their respective ministers and cabinet members to finalize agreements providing greater predictability in the steel, aluminum, and energy sectors as soon as possible.

When asked whether Prime Minister Carney would leave Washington “with a deal on tariffs,” Trump responded, “I think they’re going to be very happy. We’re working on a number of issues that people aren’t even talking about.”

Although Canada left the meeting without a concrete agreement, LeBlanc said that negotiations would continue at an accelerated pace and that new talks were already being planned.

“It’s understandable that people want to see results — and believe me, so do we. We will keep working on this,” LeBlanc affirmed, adding that Canada remains focused on the removal of U.S. sectoral tariffs imposed under Section 232 of the U.S. Trade Expansion Act on steel, aluminum, lumber, and other industries.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

LAMOA announces it is the first Algerian steel producer to export to Réunion Island

Wednesday, June 3, 2026

HBIS enters Serbia's energy market as an active buyer

Wednesday, June 3, 2026

Türkiye’s rebar exports increased by 52.8% year on year in April

Wednesday, June 3, 2026

Voestalpine delivers strong performance in FY 2025/26 despite volatile market conditions

Wednesday, June 3, 2026

WV Stahl warns of circular economy risks following cabinet decision

Wednesday, June 3, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now