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The Canadian steel industry warned of “catastrophic” job losses, waste of factory and disorders of the supply chain after US President Donald Trump had doubled the tariffs for imports to 50 percent.
Trumps Last tariff move The anger across the border solved when Canada’s Prime Minister Mark Carney had only traveled to the White House last month to repair the relationships after Washington imposed heavy levies from his greatest trading partner.
Canada is the largest provider of steel and aluminum in the United States, which lasts almost a quarter of US steel imports in 2023 and about half of aluminum imports.
“A tariff of 25 percent is difficult, but a 50 percent is catastrophic,” said Catherine Cobden, President of Canadian Steel Producers Association.
Steel is an industry of $ 15 billion ($ 11 billion), which, according to CSPA, employs 23,000 Canadians and supports another 100,000 indirect jobs.
“Steel tariffs at this level will cause mass disorders and negative consequences of our highly integrated steel supply chains and customers on both sides of the border,” said Cobden.
As a newly elected prime minister, Carney went to the Oval Office in early May to resort the relationships that were damaged by Trump’s threats to annex Canada with 25 percent Tariff.
The two guides said they were open to the new negotiation of the US Mexico Canada Agreement, a trade agreement that held the North American free trade agreement from Trump during the first term and will be checked next year.
But on Friday, Trump told a rally in West Mifflin, Pennsylvania that he would double steel and aluminum tariffs to 50 percent in an escalation of his global trade war.
Cobden said Trump’s new threat concludes “essentially the US market” to Canada and “will not have recurious consequences”.
The Canada aluminum association said they were waiting for a “clearer and more formal legal confirmation” before commenting on the potential effects.
International Minister of Commerce Dominic Leblanc said that Canada was still “determined” to defend his employees and communities.
“If we negotiate a new economic and security -relevant relationship with the United States, the new government of Canada will be strong to make the best offer for Canadians,” he said on Saturday in a post on social media platform X.
The announcement of the tariff came in the same week in which Trump said that Canada would cost 61 billion USD, part of his ambitious “Golden Dome” rocket defense sign But would be free if Ottawa gave up his sovereignty to become the 51st US state.
A spokesman said that Carney was “clear on every opportunity, even in his conversations with President Trump that Canada is an independent, sovereign nation and will remain”.
The US President revealed the increased taxes on Friday when he spoke to a partnership between Nippon Steel and US steel for a rally in Pennsylvania to build a “fence” tariff to produce domestic metals.
The new taxes will come into force on Wednesday, the president wrote in a social contribution of truth after the event.
A US state court of the US state at the beginning of the week made a decision This was what Trump’s “Liberation Day” crash on.
Canada has announced an answer to the US dollars to the US tariffs, which have a value of $ 3 billion in aluminum products with steel products worth $ 12.6 billion and additional US goods worth $ 14.2 billion.
These tariffs, which was launched in March, are at 30 billion US dollars of the US goods via the first retribution taxes. In mid -April, however, Canada softly mitigated his attitude by solving some of the countermeasures against US auto manufacturers and manufacturers.
Canada’s minister and provincial guide meet on Monday in the province of Saskatoon, Saskatchewan, as part of Carney’s efforts, to diversify the economy on the excessive dependency on the USA.
“This is not a trade policy, but a direct attack on Canadian industry and workers,” said Marty Warren, the national director of the United Steelworker for Canada.
“Thousands of Canadian jobs are at stake, and municipalities that rely on steel and aluminum are at risk. Canada has to react immediately and determined to defend the employees.”
Goldy Hyder, President of the Business Council of Canada, said it was best to “not take the bait from the statements of Trump” and to focus on the renewal of USMCA.
“These moving goal posts are just one strategy to try to get Canada more,” he said.
