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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.
Roman Abramovich, the Russian billionaire and former Chelsea Football Club owner, has assembled a “top tier” legal team, including a former White House advisor, as he prepares for a legal battle in Jersey.
Venezuelan President Nicolás Maduro on Sunday praised the country’s armed forces as “invincible warriors” during a year-end ceremony honouring the Bolivarian National Armed Forces, held in the coastal city of La Guaira.
Iran successfully launched three satellites on Sunday using a Russian Soyuz rocket from Russia’s Far East, marking the latest stage in growing Iran-Russia space cooperation.
Türkiye on Sunday denied reports that a Turkish Airlines passenger flight diverted from Libya due to fears of retaliation following a Libyan military delegation plane crash near Ankara.
Torrential rainfall across southern and eastern Spain over the weekend has left one person dead and two others missing, authorities said on Sunday evening, as overflowing riverbeds swept away vehicles and officials urged residents to stay indoors.
A technical incident occurred between the ASCO-owned tanker Kalbajar and the Turkish-flagged tanker Alatepe in waters off Istanbul, according to the Azerbaijan Caspian Shipping Closed Joint-Stock Company (ASCO).
Russian President Vladimir Putin held a meeting on the situation in Ukraine, during which he said Russian forces were making progress on several fronts, according to statements released by the Kremlin.
Latvia has completed construction of its border fence with Russia, marking a major step in strengthening national and EU external border security. Authorities say work will now focus on expanding surveillance technology and additional infrastructure along the eastern border.
The head of Yemen’s Presidential Council, Rashad al-Alimi, has ordered all forces linked to the United Arab Emirates to leave Yemen within 24 hours.
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