Mr Trudeau said he spoke with US President Donald Trump last week and offered to fly to Washington and sit down with him to hammer out the "final details of Nafta because there were broad lines of a decent win-win-win deal on the table".
Canada's government was not ready to discuss support or potential bailout packages for Canadian business sectors affected by the tariffs, he added - and said the focus for the time being was to use the threat of retaliatory measures to pressure the U.S. into reconsidering its own tariffs before any negative economic impact actually materialises.
"Today is a bad day for world trade", she said.
German Chancellor Angela Merkel said the European Union would give a "smart, determined and jointly agreed" response to new U.S. tariffs that she said would break World Trade Organization rules. Well, they have a $2 billion surplus on steel with us.
One U.S. industry official who has been in contact with negotiators from both sides said neither country had been notified by the White House as of Wednesday evening and they were learning of the possibility of tariffs from news reports. As talks continue, Ross warned against any parties striking back.
Ross is scheduled to go to China this weekend for a third round of negotiations.
"Canada has treated our Agricultural business and Farmers very poorly for a very long period of time", the president tweeted.
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The stakes in a trade war are high: The United States and European Union trade just over €1 trillion ($1.2 trillion) in goods and services each year.
On Wednesday, the federal government said it will take additional steps to prevent foreign steel and aluminum from being dumped into the North American market. All three jurisdictions are the largest trade partners of the US.
"We're concerned that these actions are actually not conducive to helping our economy, they actually are destructive, and that is consistently held across the six countries that expressed their point of view to Secretary Mnuchin", Morneau added.
At a separate press conference, Mnuchin told reporters he was not part of the summary statement and that Trump was focused on "rebalancing our trade relationships".
Back when the tariffs were first announced, the European Union promised to counter with tariffs of its own.
As well as facing new tariffs, European steel producers face a double blow as steel that would have been bound for the USA floods into Europe.
In reality, national security has nothing to do with the new tariffs.
"The status to which they got did not justify continuing exemption from the tariffs based on the national security considerations of the overall situation", he said.