Canadian steel and aluminum: A cornerstone of U.S. industry
Canadian Minister of Industry François-Philippe Champagne emphasized that steel and aluminum from Canada are crucial for key sectors of American industry. His statement was a response to U.S. President Donald Trump's announcements regarding introducing tariffs on these raw materials.
"Let's be clear: Canadian steel and aluminum support key sectors in the U.S., from defense to shipbuilding and automotive production. They enhance North American competitiveness and security. We will continue to defend Canada, our workers, and our industry," Champagne wrote on platform X.
Reactions to tariff announcements
Donald Trump announced a 25% tariff on foreign steel and aluminum, as well as additional tariffs on other goods. The U.S. President also expressed a desire to incorporate Canada as the 51st state of America.
Canadian Prime Minister Justin Trudeau, who is in Paris for a summit on artificial intelligence, has not yet commented on these announcements. Meanwhile, Quebec Premier François Legault emphasized the importance of aluminum exports to the U.S., noting they fulfill 60% of the country's needs. "Quebec exports approximately 2.9 million metric tonnes of aluminum to the USA, meeting 60% of their needs. Would they prefer to source it from China?" Legault wonders.
Concerns of Canadian producers
Catherine Cobden, Chairwoman of the Canadian Steel Producers Association, expressed concern over the plans to implement tariffs. This will be a challenge for both Canada and the USA," she said in an interview with CBC. Cobden hopes that Canada will be able to negotiate an exemption for its products from the new tariffs, but if that fails, the country will have to respond with "retaliatory tariffs."
Ontario Premier Doug Ford also commented on the situation, writing on platform X about "constant chaos" and the risks to the economy. However, the media recalls his earlier support for Trump following the American elections.
Canada is the fourth largest producer of aluminum in the world, with about 90% of the nation's production occurring in the province of Quebec. The USA produces only about 700,000 metric tonnes of aluminum annually.
