U.S. tariffs on steel and aluminum doubled from 25% to 50%, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers.

Ottawa

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.

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A Canadian official has voiced concern over the US decision to double tariffs on steel and aluminum imports, raising them from 25% to 50%. The official highlighted that these tariffs amount to a $4 billion tax on American products containing steel and could lead to higher costs for US consumers and businesses. The official emphasized that Canada is a significant purchaser of US steel, importing approximately $30 billion worth annually, and warned that retaliatory measures could impact tens of thousands of jobs in both countries.

The official suggested that instead of penalizing Canada, the US and Canada should work together to increase domestic steel production and create new jobs. The official also pointed to issues with Chinese steel entering North America through other countries, arguing that this is the real problem. Industry groups in the US have welcomed the tariff increase, but the Canadian official cautioned that the move could ultimately harm American workers and consumers.

‘Canada is not the problem’: Canadian official on new steel tariffs

It's a $4 billion tax on American products that have steel in them. We know that the cost of any product with steel in them in the U.S. has gone up 16%. We ship in approximately $30 billion of steel from the U.S. We're going to onshore as much as we can. We have great steel manufacturers in Ontario and across the country, like Steel Beams that build buildings, Rebar, all those items, we're going to onshore and start producing it ourselves. So that's going to cost not only the $4 billion, it's going to cost $30 billion a business, which is equal to tens of thousands of steel workers' jobs. And what I recommend, why don't we have a goal together and say we're going to produce more steel with America and Canada, and we're going to create 250,000 new steel jobs. That's what we need to do rather than penalize Canada. And then look at China. They're shipping in cheap steel, slopping Made in Mexico stickers on, or other countries, and shipping it into the U.S. and Canada and costing American and Canadian jobs. So you're putting forward a serious proposal, but how do you think the Canadian government should respond? Well, I've highly recommended to the Prime Minister directly that we slap another 25 percent on top of our tariffs to equal President Trump's tariffs on our steel. You know, he has to start looking around the world at China and other locations that are taking Chinese steel and really stop the flow of steel. That's the problem. Canada is not the problem. Again, we purchased $30 billion, with a B, of steel off the U.S., and that's going to come to an end real quick. I know you said yesterday, Premier, that a trade deal between the U.S. and Canada is, quote, in your words, very close. How much do you see these new tariffs complicating these ongoing negotiations? Well, it just seems with President Trump, it's, you know, five steps forward and 10 steps backwards, and that doesn't help. It doesn't help the situation. Again, it's going to have $4 billion attacks, I call it, on the backs of Americans. They're going to pay a lot more for any products with steel in them, and that's unacceptable. It's working against his philosophy, and it's unfortunate that he's taking this route against Canada. We're seeing some reaction from industry groups and steel companies today to President Trump's increase of 50% on steel, and they are applauding this. You know, they're saying, look, this is going to help American steel workers and producers. They are happy about this move. So what do you say to them and to Americans who are applauding this and say that this is good for American workers? Well, it might sound good, but they can't see the forest beyond the trees. They're short-sighted, and when we start onshoring $30 billion, tens of thousands of jobs in the steel sector in the U.S., they're going to wake up quickly. And all it is, he's throwing another $4 billion tax, I call it, on the backs of the American people. This doesn't work. The philosophy doesn't work. It may sound good, but wait until we start onshoring everything from steel beans to rebar to every steel product. I've asked for a list of every product that we ship in, and then we're going to start producing it here ourselves, which is unfortunate. It's a shame.

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Kyiv

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Iran Strikes

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‘Canada is not the problem’: Canadian official on new steel tariffs

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