US doubles steel, aluminum tariffs
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Since Minister Mélanie Joly took over the infrastructure portfolio last month, she and Dofasco CEO Ron Bedard have spoken every day about how the U.S. trade war is impacting Hamilton's steel industry.
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Soy Nómada on MSNThe steel tariff on US trading partners is officialPresident Donald Trump's decision to double tariffs on steel and aluminum imports marks a pivotal shift in US trade policy. Effective June 4, 2025, this move aims to bolster the domestic steel industry and safeguard national security.
Sheehan, co-chair of the all-party steel caucus, said hiking tariffs would 'hurt families, workers [and] businesses on both sides of the borders,' and Canada needed to respond by speeding up construction of major infrastructure projects,
U.S. President Donald Trump’s decision to double steel import tariffs to 50% to protect domestic industry has shaken global markets. Yet this policy shift may also serve as a lesson - and even an opportunity - for countries like Vietnam to intensify their own steel development strategies for the future.
The existing U.S. tariff has already caused considerable damage to Algoma. The percentage of its revenue coming from the U.S. has fallen to 50 per cent from as high as 65 per cent. A doubling of the tariff may ground its U.S. business to a halt entirely, Mr. Garcia said in an interview on Monday.
Tariffs on fuel, electricity infrastructure and imported goods are driving up the cost of regular bills, forcing families to get creative to afford the same items they usually buy or do without.
President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks in the coming days. Trump hailed the call as "positive," with both leaders inviting the other to visit their respective countries.
The projects are designed to diversify trade away from the U.S. and make the country more independent economically.
OTTAWA - Ottawa is committed to using Canadian steel and aluminum in national infrastructure and defence projects as U.S. President Donald Trump threatens to impose more tariffs, Industry Minister Mél
The Canadian Press on MSN4d
Joly to prioritize Canadian steel, aluminum for defence, infrastructureOttawa is committed to using Canadian steel and aluminum in national infrastructure and defence projects as U.S. President Donald Trump threatens to impose more tariffs, Industry Minister Mélanie Joly said Sunday.