U.S. President Donald Trump has doubled tariffs on steel and aluminum to 50%, eliciting negative responses from Canadian industry leaders. The initial 25% tariffs had already caused job losses and reduced shipments. Industry figures like Catherine Cobden express concern that the new tariffs will completely block access to the U.S. market for Canadian steel. Businesses such as Pacific Bolt Manufacturing, reliant on U.S. steel imports, now face higher costs and significant operational challenges. The situation has led to urgent appeals for solutions while reaffirming worries about long-term market viability.
At a 50 percent tariff, we basically consider the U.S. market closed completely closed, door slammed shut, if you will to Canadian steel.
Despite another round of talks between Canadian officials and their U.S. counterparts, Canada is not exempt from the tariff hike.
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