Canada's Steel, Aluminum Makers Mull Support for Tariff Actions

June 23, 2025--Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's aluminum and steel producers offered mixed reactions to Prime Minister Mark Carney's response to U.S. President Donald Trump's most recent tariff increase. Seeking "to build the strongest economy in the G7," Carney's administration on Thursday announced a host of measures to protect Canada's Metals & Minerals Industry, including a vow to respond with its own package of tariffs if a deal is not reached in the coming weeks. Industrial Info is tracking more than US$3 billion worth of projects related to aluminum development across Canada, as well as more than US$10.4 billion worth related to steel manufacturing. Earlier this month, U.S. President Donald Trump increased import duties on steel and aluminum from Canada to 50%, from a 25% rate set in March. Last week, Carney said Canada could ratchet up its reciprocal tariffs on U.S.-produced steel and aluminum if the two nations do not reach a deal within 30 days, or July 21. Other companies featured: Rio Tinto and Algoma Steel Group Incorporated