Canada prepared possible reprisals while the European Union reported progress in trade talks on Wednesday as new US metals tariffs triggered more disruption in the global economy and added urgency to

Canada is going to wait before enacting any further retaliation against the U.S. over higher steel and aluminum tariffs because negotiators are in talks on a new bilateral economic-and-security deal,

Prime Minister Mark Carney said Canada won’t respond immediately to the Trump administration’s doubling of steel and aluminum tariffs, and indicated that officials are in “intensive discussions” about the trade relationship between the countries.