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.

Prime Minister Carney said the policy changes address ‘destabilization’ of metals sector due to U.S. trade policy.

Canada has opened the door to increasing its tariffs on US steel and aluminum next month if trade talks with the Trump administration stall.The government “will adjust its existing counter-tariffs on steel and aluminium products on July 21,