Canada's steel and aluminum sectors are on high alert following President Trump's announcement of potential 25% tariffs on imports, impacting materials from Canada. The Canadian government is awaiting formal details of the tariffs before responding, while industry leaders emphasize the significant repercussions for both nations. The Canadian Steel Producers Association warns that such measures would severely disrupt critical industries like energy and construction. Government officials, including Industry Minister Francois-Philippe Champagne, assert the importance of supporting Canadian workers and industries amid rising tensions.
Canada's steel and aluminum industries await the U.S. decision on 25% tariffs, fearing significant impacts due to their intertwined trade relationship.
Catherine Cobden warns that if tariffs proceed, they will be devastating but challenging on both sides of the border, affecting various industries.
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