Learn More about Lumida ETF
Powered by LumidaWealth.com
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
  • Home
  • EarningsNEW
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us
No Result
View All Result
Lumida News
No Result
View All Result
  • Lumida Wealth
  • Lumida Ledger
  • LUMIDA ETF
  • About Us
Home News Macro

Canada Imposes Steel Import Curbs to Counter Fallout from Trump’s Tariffs

by Team Lumida
June 20, 2025
in Macro
Reading Time: 5 mins read
A A
0
flag of Canada

Photo by Hermes Rivera on Unsplash

Share on TelegramShare on TwitterShare on FacebookShare on LinkedinShare on Whatsapp

Key Takeaways:

Powered by lumidawealth.com

  • Canada is introducing import quotas and considering higher tariffs on U.S. steel and aluminum to protect its domestic metals sector, destabilized by Trump’s 50% tariffs.
  • Starting June 30, Canada will restrict government contract bids to domestic suppliers or those from countries with duty-free access for Canadian exports, effectively barring U.S. companies.
  • Prime Minister Mark Carney announced potential tariff hikes on U.S. metals, with adjustments possibly taking effect on July 21, depending on trade negotiations.
  • Canada’s steel and aluminum industries face financial strain, with rising unemployment in the manufacturing sector and increased imports of cheaper steel from other countries.

What Happened?

Canada has unveiled a series of measures to support its struggling steel and aluminum industries, which have been hit hard by U.S. tariffs. President Trump’s decision to double tariffs on Canadian metals to 50% has disrupted trade flows, leading to financial pressure on Canadian manufacturers and rising unemployment in the sector.

Prime Minister Mark Carney announced that Canada will impose import quotas to curb the influx of cheaper steel from other countries, which has destabilized the domestic market. Additionally, Canada is considering raising tariffs on U.S. steel and aluminum from the current 25% level, with changes potentially starting on July 21, depending on the progress of trade talks with the U.S.

To further protect its domestic industry, Canada will limit government contract bids for steel and aluminum to Canadian suppliers or companies from countries with duty-free access for Canadian exports, effectively excluding U.S. firms.


Why It Matters?

The measures highlight the escalating trade tensions between Canada and the U.S., with Trump’s tariffs creating ripple effects across North America’s metals sector. Canada’s response underscores its efforts to shield its domestic industries from the fallout, but the restrictions could further strain economic ties with the U.S.

The policies also reflect broader concerns about global trade disruptions, as countries like China and others redirect cheaper steel to Canada, exacerbating challenges for domestic producers. Rising unemployment in Canada’s manufacturing sector adds urgency to the government’s actions.

For U.S. companies, the restrictions on government contracts and potential tariff hikes could limit market access, adding another layer of complexity to the ongoing trade conflict.


What’s Next?

Canada and the U.S. have a 30-day window to negotiate a new economic and security deal, which could influence the implementation of Canada’s proposed tariff hikes. The outcome of these talks will be critical in determining the future of trade relations between the two countries.

In the meantime, Canada plans to introduce additional measures to address unfair trading practices in the steel and aluminum sectors. Policymakers and industry stakeholders will closely monitor the impact of these policies on domestic production, employment, and trade flows.

The global metals market will also watch for potential ripple effects, as Canada’s import curbs and tariffs could shift supply chains and trade dynamics further.

Source
Previous Post

Salesforce Strategist Warns of AI Era Risks, Highlights$1 Billion AI Investment Strategy

Next Post

SoftBank Proposes $1 Trillion AI and Robotics Hub in Arizona, Seeks TSMC and Trump Administration Support

Recommended For You

Obamacare Insurers Face Political Attacks Just as Their Margins Collapse

by Team Lumida
40 minutes ago
Trump Fires BLS Chief After Weak Jobs Report, Eyes More Fed Influence

Key Takeaways Powered by lumidawealth.com President Trump is attacking ACA insurers as profiteers and backing Republican plans to redirect subsidies from insurers to consumers. In reality, many Affordable Care...

Read more

Why the ‘Affordability Crisis’ Is Real Politics but Not a Fixable Macro Problem

by Team Lumida
44 minutes ago
Why the ‘Affordability Crisis’ Is Real Politics but Not a Fixable Macro Problem

Key Takeaways The so-called affordability crisis is less about current inflation and more about a diffuse set of micro-level price pressures that vary by person, place, and time....

Read more

U.S.–Ukraine Peace Plan Edges Forward, but Key Fault Lines With Russia and Europe Remain

by Team Lumida
1 hour ago
Trump Suggests $2,000 Tariff-Funded Payouts to Americans

Key Takeaways The White House and Ukraine agreed in Geneva on an “updated and refined” U.S.-proposed peace framework, while acknowledging key issues remain unresolved. Kyiv is pushing to...

Read more

US Retail Sales Hold Firm, but Cracks in Consumer Confidence Are Growing

by Team Lumida
1 day ago
US Retail Sales Hold Firm, but Cracks in Consumer Confidence Are Growing

Key Takeaways Powered by lumidawealth.com September US retail sales are expected to rise 0.4%, signaling continued—though moderating—consumer resilience. Spending strength is increasingly concentrated among higher-income households benefiting from market...

Read more

Fed Split Deepens: Why Internal Divisions, Not Just Powell, Threaten Lower Rates and Central Bank Independence

by Team Lumida
2 days ago
Powell’s Pivotal Moment: What to Expect from Jackson Hole

Key Takeaways Powered by lumidawealth.com Powell faces the most internal resistance of his tenure over a potential December rate cut, with multiple dissents likely either way. Growing divisions show...

Read more

China Escalates “Pen and Gun” Pressure Campaign on Taiwan — Cultural Indoctrination at Home, Coercion Abroad

by Team Lumida
4 days ago
China’s Bold Economic Moves: What You Need to Know Now

Key Takeaways Powered by lumidawealth.com Beijing is intensifying a dual strategy—“the pen and the gun”—combining state-driven propaganda with coercive geopolitical moves to isolate Taiwan. China is running a new...

Read more

Trump Signs Bill Requiring Release of Epstein Files — DOJ Has 30 Days to Publish Unclassified Records

by Team Lumida
4 days ago
Trump Suggests $2,000 Tariff-Funded Payouts to Americans

Key Takeaways Powered by lumidawealth.com President Trump signed legislation mandating the Justice Department release unclassified Jeffrey Epstein files within 30 days. The bill passed the House 427–1 and cleared...

Read more

Bill Ackman Says Treasury Should Delay Fannie/Freddie Sale — Pushes for Warrant Exercise and NYSE Relisting First

by Team Lumida
5 days ago
Bill Ackman Says Treasury Should Delay Fannie/Freddie Sale — Pushes for Warrant Exercise and NYSE Relisting First

Key Takeaways Powered by lumidawealth.com Bill Ackman argues it is not the right time for the US Treasury to sell its Fannie Mae and Freddie Mac stakes. He proposes...

Read more

Labor Dept. Accidentally Releases Key Jobless-Claims Data Ahead of Thursday’s Post-Shutdown Jobs Report

by Team Lumida
5 days ago
Labor Dept. Accidentally Releases Key Jobless-Claims Data Ahead of Thursday’s Post-Shutdown Jobs Report

Key Takeaways Powered by lumidawealth.com A technical error caused the Labor Department to accidentally publish one of the missing jobless-claims datapoints from the shutdown period. 232,000 new unemployment claims...

Read more

Congress Sounds Alarm: China’s Deepening Control Over US Drug Supply Poses National Security Risk

by Team Lumida
6 days ago
U.S. Struggles to Break China’s Grip on Critical Minerals as Syrah Resources Faces Setbacks

Key Takeaways Powered by lumidawealth.com China supplies key ingredients for roughly 25% of generic drugs used in the US—including some produced exclusively in China. A congressional report warns that...

Read more
Next Post
SoftBank Proposes $1 Trillion AI and Robotics Hub in Arizona, Seeks TSMC and Trump Administration Support

SoftBank Proposes $1 Trillion AI and Robotics Hub in Arizona, Seeks TSMC and Trump Administration Support

gold round coin on persons hand

XRP Early Investors Take Profits as Token Faces Resistance Despite Regulatory Wins

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Nvidia’s Stock: Is It Too Good to Be True Now?

Nvidia’s Earnings: The Catalyst for S&P 500’s $4 Trillion Rally?

August 28, 2024
Chipotle Profit Falls as Consumers Pull Back

Chipotle Profit Falls as Consumers Pull Back

July 24, 2025
Cooling Inflation Eases Fed’s Concerns: What Investors Need to Know

Cooling Inflation Eases Fed’s Concerns: What Investors Need to Know

July 21, 2024

Subscribe to Lumida Ledger

Browse by Category

  • Lifestyle
    • Family Office
    • Health and Longevity
    • Next Gen Wealth
    • Trust, Tax, and Estate
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Latest
    • Macro
    • Markets
    • Real Estate
  • Research
    • Trackers
  • Themes
    • Aging & Longevity
    • AI
    • Biotech
    • CRE
    • Cybersecurity
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
    • Software
Facebook Twitter Instagram Youtube TikTok LinkedIn
Lumida News

Premium insights to help you invest beyond the ordinary. Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser

CATEGORIES

  • Aging & Longevity
  • AI
  • Alt Assets
  • Biotech
  • CRE
  • Crypto
  • Cybersecurity
  • Digital Assets
  • Equities
  • Family Office
  • Health and Longevity
  • Latest
  • Legacy Brands
  • Lifestyle
  • Macro
  • Markets
  • News
  • Next Gen Wealth
  • Nuclear Renaissance
  • Private Credit
  • Real Estate
  • Software
  • Themes
  • Trackers
  • Trust, Tax, and Estate

BROWSE BY TAG

AI AI chips AI demand Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC Semiconductor stock market Tech Stocks tesla Trump Wells Fargo Whale Watch

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018

No Result
View All Result
  • Home
  • Earnings
  • News
    • Alt Assets
    • Crypto
    • Equities
    • Macro
    • Markets
    • Real Estate
  • Lifestyle
    • Family Office
    • Health and Longevity
  • Themes
    • Aging & Longevity
    • AI
    • CRE
    • Digital Assets
    • Legacy Brands
    • Nuclear Renaissance
    • Private Credit
  • About Us

© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018