Trump Reviewing Canadian Steel and Aluminum Tariffs

The video discusses the ongoing trade negotiations between Canada, Mexico, and the US, focusing on the potential acceptance of quotas on metal exports. The US has proposed dropping tariffs if Canada and Mexico agree to cap exports, but both countries have resisted. The current situation is a standoff, with no immediate resolution in sight. Despite the tariffs, Canada is not exporting much steel to the US due to high domestic demand. The video also touches on the possibility of future agreements similar to the USMCA deal, where Canada accepted a quota on autos that is unlikely to be reached.

What does the term 'retaliatory tariffs' refer to in the context of this discussion?

Why might Canada be hesitant to agree to quotas on metal exports?