It is a move that could reshape to the North American trade.
Earlier this month, US President Donald Trump announced Tariffs on all steel and aluminum products that come to the US from anywhere, including Canada.
This means that every time any Canadian steel or aluminum yarns 49. Parallel, the exporter will need to throw out 25 percent to the US government – Above 25 percent If Trump does good in his threat of tariff all the goods coming from Canada.
Here are nine charts that put a metal trade between the US -a Canada in a perspective.
Like many Canadian products, the vast majority of steel and aluminum exports go to the US how difficult this reliance is? In December 2024 alone, Steel worth more than $ 1 billion for the US, most of these exports arrived from Ontario. Aluminum is also export of $ 1 billion and most are coming out of Quebec.
Trump’s goal is to make the tariff imposing demand for foreign goods and assistance in encouraging domestic production in the US, as a result, US demand for Canadian products would fall and probably lead to loss of jobs here at home, especially in Quebec and Ontario.
“If we do this in the United States, we do not need to be made in Canada. We will have jobs, so Canada should be our 51st state,” ” Said Trump.
The canada statistics show that about 5000 jobs in the steel sector are located in Hamilton, Ont., House Stelco Inc. and Arcelormittal Doofasco Inc. Another 2,400 workers are in Toronto.
These are a large number, but these are large urban centers with a variety of workforce. There are 2,400 steel workers located in Sault you are. Marie, Ont., The middle city with a total population below 80,000, so significant job losses He would have felt sharply.
While workers in Ontario would feel that the transfer of any major release, the data shows that the Canadians are employed by steel industry throughout the country.
As for aluminum, almost 3000 people are employed in the aluminum industry in Saguenay, Que., Sam, a home at Rio Tinto production facility. Other economic regions in Quebec, including Trois-Rivières, Sept -îles and Baie-Comeau, would also influence.
Let’s look at Tariff from an American perspective. Canada is a key trade partner in the USA -UI superior foreign supplier of steel and aluminum in the USA, in front of China and Mexico.
Canadian steel and aluminum are construction blocks for a huge part of a wide consumption goods, including cars, cans and devices.
In order to understand the effects on the US, we only have to return the watch in 2018, and Trump has last imposed similar tariffs. Once these measures have been introduced and a report Published by the US National Bureau for economic research has found that the 2018 tariffs have “neither raised nor raised or reduced US employment in newly protected sectors”, but found that “the retaliation of tariffs have clear negative effects on employment.” American Commission for Trade report The prices of steel and aluminum discovered rose as a result of tariffs. These tariffs were abolished in 2019.
The Canadian government has yet to discover how it will respond and if it will impose the retaliation of the tariff.
“If that comes, our answer, of course, will be firm and clear. We’ll be in a way for Canadian workers. We’ll be advocated for the Canadian industry,” Prime Minister Justin Trudeau said last week.
Right now, Canada and now have almost reciprocal steel trade relationships. In 2024, nearly $ 13 billion, American dollars of steel and iron were moving to the United States from Canada, and just over $ 11 billion in the other direction, according to the US Census Office.
However, the bay between imports and exports of aluminum is huge. The US brings more than three times more than exports to Canada, pointing out how much the supply chain is relied on between the two countries on aluminum from Canada.
Protekalist tariffs proposed by Trump could have seismic effects on the steel and aluminum industry and its workforce in Canada. But let’s consider that three categories influenced the tariffs of about 4.5 percent of total exports from Canada in December 2024.
The White House said that steel and aluminum tariffs would enter into force on March 12th.
In the meantime, Canada holds his breath, waiting to see whether Trump will make a separate threat to impose a 25 -pointed tariff on all Canadian goods.
