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‘We Will Onshore Every Single Widget We Can’: Ford Says in Response to 50 per Cent Tariffs on Steel and Aluminum

  • On May 30, 2025, U.S. President Donald Trump declared that duties on steel and aluminum coming into the United States would be increased to 50 percent, with the new rates taking effect on June 4.
  • The tariff increase follows Trump’s previous 25 percent levies and aims to protect domestic producers amid accusations of foreign trade violations, though some experts doubt full implementation.
  • The tariffs caused steel and aluminum prices to spike sharply, with U.S. Aluminum premiums jumping 54 percent and shares of domestic producers rising while foreign exporters like South Korea were negatively affected.
  • Ontario Premier Doug Ford vowed to onshore as much production as possible to reduce reliance on U.S. Metals, highlighting close communication with industry and the integrated nature of North American steel supply chains.
  • Experts warn the tariffs will disrupt supply chains and raise costs for American manufacturers, potentially dampening industrial activity while encouraging investment in domestic capacity expansion.
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Ontario's Prime Minister responded to the threat of 50% tariffs on steel and aluminum at a press conference in Queen's Park.

·Montreal, Canada
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  • 61% of the sources are Center
61% Center
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The spokesman-Review broke the news in Spokane, United States on Monday, June 2, 2025.
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