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

Asia’s Fuel Crisis Is Europe’s Warning — Hormuz Blockade Creates 10% Global Oil Supply Deficit

by Team Lumida
8 hours ago
The Iran War’s Invisible Casualty: A Helium Crisis That Could Cripple AI Chips and MRI Scanners

Iran's blockade of the Strait of Hormuz has left global oil supply 10% below pre-war levels, with Asia already rationing fuel and facing factory shutdowns — while Europe,...

Read more

Jamie Dimon’s Annual Warning: Iran War Could Trigger Prolonged Inflation, Higher Rates, and a Private Credit Reckoning

by Team Lumida
8 hours ago
Dimon Warns of “’05-’07” Vibes: Loan Competition Is Heating Up Again

In his closely watched annual shareholder letter, JPMorgan CEO Jamie Dimon warns that the Iran war could push inflation higher and drive up interest rates — potentially the...

Read more

Federal Regulator Sues Three States to Protect Prediction Markets — Setting Up a Supreme Court Showdown

by Team Lumida
3 days ago
September Rate Cut Likely as Job Market Risks Increase, Says Fed

The CFTC filed civil suits against Arizona, Illinois, and Connecticut to block them from applying state gambling laws to Kalshi and Polymarket, asserting federal exclusive jurisdiction over prediction...

Read more

Trump Posts Video of Iran Bridge Destruction, Threatens ‘Much More to Follow’

by Team Lumida
3 days ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

Trump escalated his pressure campaign against Tehran on Thursday — posting a video of Iran's largest bridge 'tumbling down' and warning that the destruction is just the beginning,...

Read more

Iran Hardens Its Defenses and Recruits Children as It Prepares for a U.S. Ground War

by Team Lumida
3 days ago
Iran Hardens Its Defenses and Recruits Children as It Prepares for a U.S. Ground War

Iran is laying mines around Kharg Island, mobilizing up to one million troops, and launching a mass volunteer recruitment drive — including children as young as 12 —...

Read more

Iran’s Island Fortress: The Five Strategic Positions Holding Hormuz Hostage

by Team Lumida
4 days ago
Iran’s Island Fortress: The Five Strategic Positions Holding Hormuz Hostage

Iran's network of fortified islands in the Strait of Hormuz — armed with missiles, radar, and fast-attack boats — gives Tehran a multi-layered physical lock on the world's...

Read more

Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

by Team Lumida
4 days ago
Supreme Court Signals It Will Strike Down Trump’s Birthright Citizenship Order

Justices across the ideological spectrum — including Trump appointees — cast serious doubt on the president's executive order restricting automatic birthright citizenship, with Chief Justice Roberts telling the...

Read more

Trump Threatens to Escalate Iran War — But Says End Is ‘Very Close’

by Team Lumida
4 days ago
House Rebuke of Canada Tariffs Exposes Political Risk Around Trump’s Trade Agenda

In a rare prime-time address, Trump said the war is 'very close' to completion while threatening fresh strikes within two to three weeks and warning he would hit...

Read more

UAE Breaks Ranks to Force Hormuz Open — and Is Ready to Fight Iran to Do It

by Team Lumida
5 days ago
UAE Breaks Ranks to Force Hormuz Open — and Is Ready to Fight Iran to Do It

The UAE has reversed course to actively push for military force to reopen the Strait of Hormuz, lobbying for a UN Security Council resolution and reviewing its own...

Read more

Trump Signals He’ll End the Iran War With Hormuz Still Closed — and Leave the Cleanup to Allies

by Team Lumida
6 days ago
House Rebuke of Canada Tariffs Exposes Political Risk Around Trump’s Trade Agenda

Trump has told aides he's willing to end the Iran war without forcing the Strait of Hormuz back open — narrowing U.S. objectives to degrading Iran's military and...

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

Trump Threatens New Wave of Tariffs, Targeting Key Trading Partners with Rates Up to 40%

Trump Administration Scraps Effort to Pause NIH Health-Research Funding After White House Intervention

July 30, 2025
brown and white rope on brown wooden surface

Why Investors Are Going Crazy for Copper: The $43 Billion Battle

May 17, 2024
Tax-Loss Harvesting Surge: JPMorgan’s $15 Billion Windfall

JPMorgan Predicts Delayed S&P 500 Growth Amid Market Volatility and Policy Shifts

March 7, 2025

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