The Canadian Steel Producers Association has warned of “devastating repercussions” for the future of North American industries amid the escalating US-Canada trade war. Meanwhile, the US Aluminum Association says it supports President Trump’s efforts to strengthen the US industry but wants tariff-free access to Canadian aluminum, emphasizing the need for a reliable and affordable metal supply to sustain growth. Last week, the Canadian government responded to the US’ 25% tariffs on all Canadian steel and aluminum products. Following a “dollar-for-dollar” approach, Canada imposed 25% reciprocal tariffs on a list of steel products worth CA$12.6 billion (~US$8.76 billion) and aluminum products worth CA$3 billion (~US$2.087 billion).
