The Canadian Steel Producers Association (CSPA) is warning of 'dire' consequences for domestic producers if a trade deal with the U.S. includes tariffs. Prime Minister Mark Carney stated that a tariff-free deal is unlikely. U.S. President Donald Trump has imposed and increased tariffs on Canadian steel and aluminum since March 2025, with a further increase to 35% planned for August 1. Canadian steel production fell significantly in May and June due to these tariffs. The CSPA is urging Ottawa to impose retaliatory tariffs on U.S. steel and extend quotas to other free-trade partners.
Steel producers warn of ‘dire’ consequences of U.S. trade deal with tariffs
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TL;DR: Key points with love ❤️The Canadian Steel Producers Association (CSPA) is warning of 'dire' consequences for domestic producers if a trade deal with the U.S. includes tariffs. Prime Minister Mark Carney stated that a tariff-free deal is unlikely. U.S. President Donald Trump has imposed and increased tariffs on Canadian steel and aluminum since March 2025, with a further increase to 35% planned for August 1. Canadian steel production fell significantly in May and June due to these tariffs. The CSPA is urging Ottawa to impose retaliatory tariffs on U.S. steel and extend quotas to other free-trade partners.
Trending- 1 March (2025): U.S. President Donald Trump imposed 25-per-cent tariffs on Canadian steel and aluminum.
- 2 May (2025): Canadian steel production fell by 30%.
- 3 June (2025): U.S. doubled the tariff to 50%; domestic access to U.S. market shut down entirely.
- 4 Last week (before July 15, 2025): Mr. Trump said he would impose 35-per-cent tariffs on imports from Canada starting Aug. 1.
- 5 Tuesday (July 15, 2025): Canadian Steel Producers Association warned of 'dire' consequences.
- Dire impact on domestic steel producers
- Canadian steel production fell by 30% in May
- Domestic access to U.S. market shut down entirely in June
- Order books in very bad shape
What: The Canadian steel industry is warning of severe negative impacts if a trade deal with the U.S. includes tariffs, as U.S. tariffs have already significantly reduced Canadian steel production and market access.
When: Warnings issued Tuesday (July 15, 2025); U.S. tariffs imposed in March (2025); doubled in June (2025); 35% tariffs planned for August 1 (2025); Canadian steel production fell in May and June.
Where: Canada, United States. Discussions in Ottawa.
Why: U.S. President Donald Trump imposed tariffs citing national security concerns, and has increased pressure in trade negotiations. The Canadian industry is suffering and wants government action.
How: U.S. imposed 25% tariffs in March, doubled to 50% in June, and plans 35% tariffs from Aug 1. Canada rolled out quotas for foreign steel producers. The CSPA is advocating for stronger measures, including retaliatory tariffs and extended quotas.