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

Dollar Steadies, Euro and Sterling Vulnerable as Markets Await Fed Decision; Bitcoin Trades at 4-Week Lows

by Team Lumida
6 hours ago
Dollar Steadies, Euro and Sterling Vulnerable as Markets Await Fed Decision; Bitcoin Trades at 4-Week Lows

Currencies position ahead of Fed rate hike; dollar strength pressures EUR, GBP, AUD; Bitcoin at $75,886 after Clarity Act fails; forward guidance key to currency moves.

Read more

Bank of England Eyes End to Long-Dated Bond Sales as 30-Year Gilts Approach 6%, Shifting Quantitative Tightening Strategy

by Team Lumida
1 day ago
Bank of England Eyes End to Long-Dated Bond Sales as 30-Year Gilts Approach 6%, Shifting Quantitative Tightening Strategy

The BOE may cease selling 20 and 30-year bonds despite heavy losses, marking a reversal of recent messaging as energy prices and inflation expectations pressurize sterling debt.

Read more

10-Year Treasury Yield Hits 5.025%, Highest Since 2007, as Markets Price 92% Odds of Fed Hike

by Team Lumida
1 day ago
10-Year Treasury Yield Hits 5.025%, Highest Since 2007, as Markets Price 92% Odds of Fed Hike

The 10-year yield surged to 5.025% as inflation remains above the Fed's target, with traders betting heavily on a 25-basis-point rate increase this week.

Read more

BIS Warns Leveraged Hedge Funds Pose Growing Systemic Risk After Situational Awareness Near-Collapse

by Team Lumida
2 days ago
BIS Warns Leveraged Hedge Funds Pose Growing Systemic Risk After Situational Awareness Near-Collapse

The Bank for International Settlements flagged the July near-collapse of Leopold Aschenbrenner's AI-focused hedge fund as evidence that leveraged funds have become a core financial stability risk.

Read more

Study Finds Trump’s Drug-Pricing Push Incentivizes Higher Prices and Reduced Access Outside the US

by Team Lumida
2 days ago
Study Finds Trump’s Drug-Pricing Push Incentivizes Higher Prices and Reduced Access Outside the US

A Lancet study found that for roughly three in four drugs studied, matching US Medicare prices to cheaper reference countries would cost companies more than they earn in...

Read more

Chevron Says It Needs EU Methane Rule Clarity Before Committing to LNG Import Infrastructure

by Team Lumida
2 days ago
Chevron Says It Needs EU Methane Rule Clarity Before Committing to LNG Import Infrastructure

Chevron is weighing investment in European LNG regasification capacity but wants clearer methane regulations before making long-term commitments, its global gas president said.

Read more

Russia Outpaces US and NATO on Cheap Weapons Production, Fueled by Chinese Components

by Team Lumida
2 days ago
Russia Outpaces US and NATO on Cheap Weapons Production, Fueled by Chinese Components

Russia has fielded new Geran drones and Banderol cruise missiles at roughly $100,000 each, built on Chinese electronics, faster than Ukraine or Western militaries can match.

Read more

10-Year Treasury Yield Holds Near 4.97% as Markets Price 86.7% Odds of a Fed Hike This Week

by Team Lumida
2 days ago
Lumida Wealth Whale Watch Q2’24 : Macro Funds

Treasury yields were little changed Monday as investors weighed whether a move above 5% on the 10-year would come from healthy growth or from stress in the bond...

Read more

BMO and Sun Life Commit C$75 Billion to Canada’s Infrastructure Build, Days Before Carney’s Toronto Investor Summit

by Team Lumida
5 days ago
BMO and Sun Life Commit C$75 Billion to Canada’s Infrastructure Build, Days Before Carney’s Toronto Investor Summit

BMO pledged up to C$70 billion over a decade and Sun Life C$5 billion for Canadian infrastructure, ahead of Mark Carney's investor summit in Toronto.

Read more

10-Year Treasury Yield Hits 4.94%, Closest to 5% Since 2023 as Traders Price 70% Odds of a September Fed Hike

by Team Lumida
5 days ago
Saudi Arabia Leads $321B EM Bond Spree: What Investors Need to Know

The 10-year Treasury yield climbed to 4.94% ahead of August CPI, with traders pricing roughly 70% odds of a Fed rate hike on Sept. 16.

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

Bitcoin Plunges to $64K Amid U.S. Tech Stock Turmoil

MicroStrategy Swings to $10 Billion Q2 Profit as Bitcoin Holdings Surge

August 1, 2025
Oil Prices Surge: What Falling US Crude Stocks Mean for Your Investments

Oil Tanker Owners Pause Middle East Routes Amid Escalating Israel-Iran Conflict

June 16, 2025
gold and black metal tool

Gold Surges Past $3,000: Safe-Haven Demand and Macroeconomic Tailwinds Drive Record Highs

March 14, 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
  • Opinions
    • Op-Ed
  • 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
  • Op-Ed
  • 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