OTTAWA — Canada is moving to shore up its domestic steel industry amid U.S. President Donald Trump's ongoing global trade war, with new tariffs targeting China and other countries around the world.

Prime Minister Mark Carney on Wednesday said Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry.

With inflation creeping back into the US economy, it's as important as ever to have a firm grasp on Donald Trump's tariffs and what they mean.

April 9: Trump's higher "reciprocal tariffs" begin just after midnight. Hours later, the president says he is issuing a 90-day pause on those duties, except for China. Trump raises tariffs on Chinese goods from 104% to 145%, the highest rate so far this year.

For the hundreds of Canadian steelworkers who lost their jobs this year amid President Donald Trump’s trade war, talk of reaching a trade deal between Canada and the U.S. is coming too little, too late.

President Donald Trump's confused messaging depresses business and consumer confidence, slows growth and imposes recession risks.

Under the new policy, Canada will apply a 25 percent tariff on steel imports from any country — except the U.S. — if the original steel was melted and poured in China.

Prime Minister Mark Carney, after a meeting with Canada’s political leaders, downplayed the chances of success in talks aimed at reaching a trade deal with President Trump.

President Donald Trump’s tariffs could have an unintended side effect: making homeownership even less affordable for many Americans.

China's commerce ministry called on Canada to correct the "wrong practice" of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms.

Canada’s premiers have called on the federal government to improve the country’s relationship with China in the face of the ongoing trade war with the U.S.