theglobeandmail.com
Trump's Return and Canadian Steel/Aluminum Trade
Canadian steel and aluminum industries face uncertainty with Trump's return, weighing the risks of renewed trade disputes and tariff negotiations.
English
Canada
PoliticsUs PoliticsLabour MarketTradeInternational TradeTariffsSteelAluminum
Arcelormittal DofascoZekelman IndustriesCanadian Steel Producers AssociationAluminum Association Of CanadaRepublican Party
Donald TrumpBarry ZekelmanCatherine CobdenJean Simard
- What is a potential trade strategy that Trump might use against Mexico?
- Trump's potential focus on Mexico as a source of steel imports bypassing U.S. tariffs is a significant concern. This strategy could potentially lead to a trade dispute with Mexico, rather than Canada.
- How has the Canadian steel industry prepared for potential trade disputes?
- The Canadian steel industry is in a stronger position now compared to Trump's first term due to more integrated trade policies, measures against unfair trade practices, and collaboration with the U.S. on tackling unfair trade from countries like China.
- What are the differing opinions among industry leaders about the likelihood of a new trade war?
- While some, like Zekelman Industries CEO Barry Zekelman, believe that Canada's adherence to USMCA will prevent a new trade war, others, such as the Aluminum Association of Canada CEO, are more cautious and expect potential tariff negotiations.
- What are the potential implications of Trump's return on future trade relations with Canada and Mexico?
- The uncertainty surrounding Trump's return creates a scenario where the U.S. might use tariffs as leverage to extract concessions from both Canada and Mexico, especially as the USMCA agreement approaches its review date in 2026.
- What is the main concern of Canadian steel and aluminum industries regarding Donald Trump's potential return as U.S. president?
- Trump's potential return to the presidency is causing uncertainty in the Canadian steel and aluminum industries, as he has previously imposed tariffs on these products, leading to trade wars.