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

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

Recommended For You

Trump Approves Landmark 30-Year Nuclear Deal With Saudi Arabia — Opening Door to Uranium Enrichment and Raising Proliferation Alarm

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

President Trump has formally approved a landmark 30-year nuclear agreement with Saudi Arabia providing the kingdom a civilian nuclear program and potentially allowing uranium enrichment on Saudi territory,...

Read more

US Widens Iran Strikes to Tabriz on Day 11 — Both Sides Dismiss Diplomacy as Oil Hits $95 and War Costs Reach $37.5 Billion

by Team Lumida
13 hours ago
Iran Tightens Its Grip on Hormuz Despite the Ceasefire — Charging Tolls and Limiting Traffic

The US expanded its bombing campaign to Tabriz in northwestern Iran on the 11th consecutive day of strikes, while both Washington and Tehran dismissed near-term diplomatic prospects —...

Read more

Trump Threatens 100% Tariff on Generic Drugs From 2028 — Putting 90% of US Prescriptions and India’s $10.5B Pharma Exports at Risk

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

President Trump announced a 100% tariff on imported generic drugs effective August 2028, escalating to 200% in August 2029, targeting the global supply chain that produces more than...

Read more

Iran Ballistic Missile Hit US Troop Housing at Jordan Base — Exposing Limits of American Missile Defense

by Team Lumida
1 day ago
Iran Tightens Its Grip on Hormuz Despite the Ceasefire — Charging Tolls and Limiting Traffic

An Iranian ballistic missile strike on Muwaffaq Salti Air Base in Jordan hit prefabricated housing units where US troops lived and slept, killing two soldiers from Army air...

Read more

Trump Hits Canada With Additional 50% Tariffs on Wine, Cement, Hockey Sticks — Energy Exempt

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

President Trump imposed an additional 50% tariff on a range of Canadian goods including wine, hockey sticks, and cement, citing Canada's "discriminatory treatment of American products," while exempting...

Read more

US Gasoline Prices Cross $4 a Gallon Again as Iran Conflict Hits Crude and Russian Refinery Outages Tighten Supply

by Team Lumida
3 days ago
a gas pump is connected to a car at a gas station

Regular unleaded gasoline averaged $4.003 a gallon on Monday according to AAA — crossing the politically sensitive $4 threshold for the first time in a month — as...

Read more

US Bombs Iran for Ninth Straight Day as Hormuz Standoff Deepens, Brent Crude Tops $90

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

The US conducted a ninth consecutive day of airstrikes on Iran targeting military installations and communications networks, while Iran continued attacking US bases across Kuwait, Jordan, Bahrain, and...

Read more

Trump’s Iran Blockade Is an Economic Stranglehold — But Tehran Is Betting It Can Outlast the Pressure

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

Trump is reimposing the Iran shipping blockade and revoking Iran's right to sell oil, betting economic pain will force Tehran to release its hold on the Strait of...

Read more

Six Days of US-Iran Clashes — Attacks Expand Beyond Military Targets as Fears of Full War Return and Hormuz Remains Closed

by Team Lumida
5 days ago
Europe’s Secret War Role: U.S. Military Operations Run Through the Continent

The US and Iran entered a sixth consecutive day of hostilities Thursday, with the US striking six road bridges in southern Iran overnight and reports of attacks near...

Read more

US Housing Starts Surge 19% in June on Apartment Boom — But Permits Hit Multi-Month Lows, Single-Family Demand Stays Weak

by Team Lumida
5 days ago
China’s Housing Market: Eased Policies Show Promise Amid Economic Struggles

US housing starts rebounded sharply in June to an annualized rate of 1.43 million — the highest since March, beating all economist estimates — driven by a 76%...

Read more
Next Post
gold round coin on persons hand

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

red and whites logo

Trump Grants TikTok a Third 90-Day Reprieve Amid National Security Concerns

Leave a Reply Cancel reply

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

Related News

Private Credit Funds Pivot to Riskier Bets Amid Margin Squeeze

Apollo Explores Sale of $3 Billion Private Credit Fund Amid Rising Defaults

May 11, 2026
Capitol Hill

White House Instructs Agencies to Prepare for Mass Firings in a Possible Shutdown

September 25, 2025
Apple Integrates ChatGPT Without Spending a Dime

Apple Joins OpenAI: Phil Schiller to Observe OpenAI Board

July 3, 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 Amazon Apple Artificial Intelligence Banking Bitcoin China Commercial Real Estate CPI Crypto data centers Donald Trump EARNINGS ELON MUSK ETF Ethereum Federal Reserve financial services generative AI Goldman Sachs Google India Inflation Intel Interest Rates Investment Strategy Japan Jerome Powell JPMorgan Markets Meta Microsoft Nasdaq Nvidia OpenAI private equity S&P 500 SEC 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