The latest developments reveal a troubling trend: Canadian steel measures fail to shield industry from the rising effects of U.S. tariffs. Steel producers in Canada voiced strong concerns during a government meeting this week.
On Thursday, industry leaders met with Patrick Haley, Canada’s assistant deputy minister for trade and finance. They warned that current protections are not enough. They fear steel dumping from Europe and Asia is threatening jobs and competitiveness.
U.S. President Donald Trump raised tariffs on steel and aluminum to 50% earlier this month. Canada, the largest supplier of metals to the U.S., responded by announcing new trade measures. These included tariff-rate quotas for steel imports from non-free trade countries.
However, producers say these efforts fall short. According to them, Canadian steel measures fail to shield industry from redirected global steel supplies. Manufacturers in Europe and Asia are now sending products to Canada to avoid U.S. duties.
Catherine Cobden, president of the Canadian Steel Producers Association, said the industry faces a dire situation. She urged the government to include free trade partners in the quota system. Otherwise, more job losses may follow.
Since the first round of U.S. tariffs in March, the Canadian steel sector has already lost 1,000 jobs. The Canadian Institute of Steel Construction echoed these concerns. President Keanin Loomis emphasized that finished steel products still lack protection.
The government insists that its plan is only a first step. A finance ministry spokesperson stated they are prepared to adjust their response. Canadian Prime Minister Mark Carney even warned of counter-tariffs on U.S. steel and aluminum. He set a July 21 deadline for reaching a broader deal with the U.S.
Meanwhile, Trump abruptly ended trade talks after Canada introduced a tax targeting U.S. tech companies. This further complicated bilateral relations.
Clearly, Canadian steel measures fail to shield industry while U.S. tariffs continue to disrupt North American trade. Without stronger action, Canada’s steel sector may face deeper losses as global trade tensions escalate.
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