Canada, Steel and Trump
Digest more
Before the U.S. imposed tariffs earlier this year, about 70 per cent of Walters Group's steel fabrications were exported to the U.S. Now, that number is nearly zero, says one executive during Prime Minister Mark Carney's visit to Hamilton.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
Prime Minister wouldn’t say which tariffs may remain in place if a deal is reached with the U.S. but emphasizes that the countries are working toward a trade agreement
Prepare for the 'year of tariffs' in 2025. Learn how escalating trade barriers and negotiations could impact markets and your investment strategies.
Trump threatened to escalate tariffs beyond 35% if Canada opts to retaliate with tariffs on U.S. goods. Canadian goods are also subject to sector-specific tariffs, such as 50% levies on steel and aluminum as well as 25% tariffs on non-USMCA compliant autos and auto parts.
President Trump announced a slew of tariffs on imports last week, with a proposed 35% tariff on Canadian goods, including in the automotive sector, which could deeply affect American drivers. Trump announced the tariffs on Truth Social with screenshots of a letter sent to Canada’s prime minister,
Markets may be mispricing tariff risks. Find out why record customs revenue, low volatility, and past patterns make a retreat less likely this time.