Trump’s new steel tariffs will cause ‘mass disruption’, Canadian industry warns
Global News
A Canadian industry group says Trump's move to increase tariffs on steel “essentially closes the US market to our domestic industry for half of its production.”
U.S. President Donald Trump’s heightened tariffs on steel and aluminum coming into his country will “create mass disruption and negative consequences,” Canada’s steel industry warns.
Trump said on Friday that he will double the tariffs on steel and aluminum imports to 50 per cent.
Catherine Cobden, president and CEO of the Canadian Steel Producers Association (CSPA), said the steel industry in Canada and the U.S. were highly integrated and tariffs would hit steel producers on both sides.
“Steel tariffs at this level will create mass disruption and negative consequences across our highly integrated steel supply chains and customers on both sides of the border,” Cobden said in a statement Saturday.
The tariff increase will take effect Wednesday, Trump said in a Truth Social post shortly after he announced the new rate for steel imports at a rally with steelworkers in Pennsylvania.
“Our steel and aluminum industries are coming back like never before. This will be yet another BIG jolt of great news for our wonderful steel and aluminum workers,” Trump wrote.
Cobden said the move “essentially closes the US market to our domestic industry for half of its production.”
“It is vital that the Government of Canada responds immediately to fully re-instate retaliatory steel tariffs to match the American tariffs and to implement as quickly as possible new tariffs at our own borders to stop unfairly traded steel from entering Canada,” she said.
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