live Online retailer Ozon suspends operations in Russian region after Ukrainian strike
Russian online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region. In...
Canadian manufacturers and union leaders are warning of job losses and sales disruptions after the U.S. raised tariffs on Canadian steel and aluminum to 50%, prompting Ottawa to prepare retaliatory measures.
Canada’s steel and aluminum sectors are sounding the alarm after the United States doubled tariffs on the two key metals, sparking fears of layoffs, lost sales, and market shutdowns. The hike — from 25% to 50% — took effect early Wednesday and has already prompted backlash from Canadian manufacturers, unions, and government officials.
The U.S. move targets Canada, its largest supplier of steel and aluminum, which exports twice as much aluminum to the U.S. as the rest of the top 10 exporters combined.
Lana Payne, president of Unifor, Canada’s largest private sector union, warned of immediate consequences:
“This is going to have a very quick impact on the steel industry,” she said.
The Aluminium Association of Canada, whose members include Rio Tinto, warned that higher tariffs could drive producers to shift exports to Europe instead. Tim Houtsma, CEO of Madrid Industries in Nova Scotia, said the tariffs would effectively block Canadian mid-sized firms from selling into the U.S. market.
“We are going to tighten our belt... We’re going to be shut out of the U.S. market for some period of time,” he told Reuters.
Canadian Prime Minister Mark Carney told Parliament that Ottawa is preparing retaliatory measures:
“We are in intensive negotiations with the Americans and, in parallel, preparing reprisals if those negotiations do not succeed,” he said.
Unifor is urging the government to retaliate immediately and consider halting exports of critical minerals to the U.S. The union also warned that the auto and aerospace sectors could face cascading layoffs if the trade conflict deepens.
Canada previously responded to U.S. tariffs in March by imposing 25% duties on C$29.8 billion ($21.79 billion) worth of American imports. While Carney has cautioned that there is a limit to tit-for-tat measures, pressure is mounting for a swift and robust response.
On the U.S. side, steel traders are also feeling the squeeze. Jeremy Flack, CEO of Flack Global Metals, said orders have slowed considerably since the initial tariff hikes earlier this year:
“We are not getting any orders. Volumes starting from February have begun to decline.”
As both sides dig in, trade experts warn that continued escalation could threaten broader sectors of the North American manufacturing economy.
Four people were killed, including a child, in Ukrainian strikes on the Russian port city of Novorossiysk overnight, according to the governor of the Krasnodar region. Ukraine's drone forces commander, Robert Brovdi, said Russian military ships were destroyed in the attacks.
Overnight Iranian strikes on an air base in Jordan damaged multiple U.S. aircraft and left one without a wing, American media reported. Meanwhile, explosions were heard across parts of southern Iran according to local media reports.
Iran’s Revolutionary Guards (IRGC) said on Wednesday they attacked two U.S. vessels and eight oil tankers in the Persian Gulf, calling the strikes a response to a U.S. attack on five Iranian tankers.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
Nobel laureate Geoffrey Hinton has warned against rushing to develop artificial superintelligence, arguing that scientists still do not know how to ensure systems more capable than humans remain safe and under control.
Russian online marketplace Ozon has suspended operations in Saratov, southwestern Russia, following a drone strike on a warehouse in the region. In Ukraine, Russian strikes on Kyiv early on Friday injured eight people, city authorities said.
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Algeria has ordered the closure of its airspace to all civilian and military aircraft registered in the United Arab Emirates, marking a sharp escalation in tensions after Algiers formally cut diplomatic relations with Abu Dhabi.
Ukrainian forces struck a Russian oil refinery in Siberia and a seaport in Dagestan in the past 24 hours, President Volodymyr Zelenskyy said. He will meet Canadian Prime Minister Mark Carney on Thursday to discuss air defences for Ukraine over winter.
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