In response to the United States' decision to impose 25% tariffs on steel imports from all countries, Canada has announced retaliatory measures. The US tariffs, which officially took effect on March 12, apply to steel imports from every nation without exceptions. Starting March 13, Canada will impose 25% reciprocal tariffs on several US steel products, totaling $12.6 billion in imports. Affected products include hot rolled coils (HRC), cold rolled coils (CRC), coated steels, stainless steels, alloy steels, grain-oriented silicon steel, rebars, wire rods, angles, shapes, sections, wires, steel tubes and pipes, and hollow sections.
The Canadian government is currently evaluating the effects of the US tariffs and has warned that additional counter tariffs may follow, should the situation warrant. Furthermore, if the US does not withdraw its 25% tariffs on Canadian imports—which have been delayed until April 2—Canada will begin implementing counter tariffs on US goods on that same date. Public consultations will precede these actions, with the possibility of expanding the scope of tariffs.
Canada has strongly urged the US to reconsider its tariff decision, emphasizing the harm it could cause to both American and Canadian businesses. However, the government remains committed to minimizing the impact on Canadian workers and industries. Additional measures to support Canadian businesses and workers will be announced in the coming weeks.
Dominic LeBlanc, Canada's Minister of Finance and Intergovernmental Affairs, stated, "With these tariffs, the US administration is needlessly disrupting an incredibly successful trading partnership. It is a completely unwarranted and unjustified move that will raise costs for Americans and Canadians alike. While we actively work to remove these tariffs, our government will use every tool at its disposal to defend Canadian jobs and support our businesses and workers during these challenging times."
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