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Tariff Tribulations: Canadian Steel's Catastrophic Collapse
Canadian steel producers struggle under 50% US tariffs imposed by the Trump Administration in June 2025. The Canadian Steel Producers Association reports 6 million metric tons of steel destined for US markets remains unshipped. Industry employment has declined by 1,000 jobs alongside 30% production cuts through May 2025. Association President Catherine Cobden warns of further production reductions & announces plans to seek government retaliation against US steel imports, potentially escalating trade tensions.
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