US Edition‘Direct attack on Canadian workers’: Steel and aluminum sector reacts to Trump doubling tariffs
- On June 2, 2025, U.S. President Donald Trump declared that the duties applied to imported steel and aluminum products will rise to 50% starting June 4, impacting Canada as the leading supplier of steel to the United States.
- This tariff increase follows the initial 25% tariffs imposed in March 2023, which have strained Canadian metal producers and supply chains, contributing to financial troubles such as Sinobec Group Inc.'s creditor protection filing.
- Industry Minister Mélanie Joly, after meeting with leaders from the aluminum sector in Montreal, affirmed that the federal government will focus on prioritizing domestic steel and aluminum for use in key public works and defence initiatives amid ongoing tariff threats.
- Marty Warren, national director of the United Steelworkers union, expressed that this announcement should serve as the starting point for a comprehensive plan aimed at sustaining Canadian employment and manufacturing.
- The increase in tariffs highlights growing trade disputes and has intensified demands for enhanced Buy Canadian initiatives and stronger trade safeguards to preserve employment and strengthen local steel and aluminum production networks.
63 Articles
63 Articles
US Ambassador to Canada Pete Hoekstra says concerns over tariffs 'overblown' - WDET 101.9 FM
New U.S. Ambassador to Canada Pete Hoekstra is downplaying the effect of tariffs on the auto industry.The former Congressman and ex-chair of the Michigan GOP was confirmed to the ambassadorship in early April. In an interview with WDET during the 2025 Mackinac Policy Conference, Hoekstra said the economy is strong, and that worries about tariffs and a trade war with Canada are overblown.“They’re not going to have a dramatic impact, OK?” Hoekstra…
Dow Futures Slip Over 100 Points After Trump Announces Doubling Steel Tariffs, Nikkei Down - The Campbell's (NASDAQ:CPB), Credo Technology Group (NASDAQ:CRDO)
U.S. Stock futures fell on Sunday evening, starting the new month on a sobering note, amid fresh steel and aluminum tariff concerns over the weekend.
Industry Minister Mélanie Joly resorts to caution, knowing that no presidential decree has been signed in the United States for an increase in tariffs on aluminum and steel to 50%.
Canadian Ministers Respond to Trump Raising Steel, Aluminum Tariffs to 50%
Several Canadian ministers have responded to U.S. President Donald Trump’s latest announcement to double tariffs on steel and aluminum imports to 50 percent. Dominic LeBlanc, the federal minister tasked with Canada-U.S. trade relations, says Ottawa has “taken note” of Trump’s comments and that the Canadian government “remains resolute in defending our workers and our communities.” “We can give ourselves far more than the United States can take f…
Quebec premier calls new Trump tariff threats on steel and aluminum 'completely unjustified'
Quebec Premier François Legault said he is monitoring the situation after U.S. President Donald Trump announced his intention to double the tariffs on steel and aluminum imports to 50 per cent next Wednesday.
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