The United States and the United Arab Emirates have agreed to start negotiations for a potential bilateral trade agreement that could ease tariffs on the Gulf state's steel and aluminium industry, according to four people familiar with the matter.

The US has urged trade partners to submit their best offers by July 8, but no proposals have been received yet.

Here's what we know. What's the tariff rate on imported steel and aluminum now? Steel and aluminum imports are currently taxed at 25% — a rate that both metals have faced across

Prime Minister Mark Carney says his government is readying further retaliation measures if negotiations with the United States to end the recently doubled tariffs on steel and aluminum fail."We are in intensive negotiations with the Americans and in parallel preparing reprisals if those negotiations do not succeed,

Mark R. Ludwikowski and Kelsey Christensen of Clark Hill PLC discuss the Trump administration tariffs and their implications on compliance with the United States-Mexico-Canada Agreement.