🇺🇸 Donald Trump
Trump tariffs: Canadas steel industry faces massive layoffs
What happened
Stelco, a steel plant in Hamilton, plans to idle part of its factory and lay off hundreds of employees. This is the latest blow to Canada's steel industry, which has already seen layoffs at Algoma Steel in Sault Ste. Marie, Ont. US President Donald Trump's administration has imposed tariffs on Canadian steel and aluminum, with the most recent increase in June 2025.
Why it matters
The layoffs threaten the stability of Canada's steel industry and the jobs of thousands of workers. The industry is critical to Canada's economy, with the country exporting significant amounts of steel to the US. The US administration's tariffs have put Canada's steel industry at risk.
Key facts
- Stelco is owned by Cleveland-Cliffs, an Ohio-based company.
- US President Donald Trump's administration imposed 25% and then 50% tariffs on Canadian steel and aluminum.
- US Census data shows Canada was shipping and exporting more iron and steel into America than any other country in 2024.
Topics
Publisher evidence used
Reporting attributed to bnnbloomberg.ca. WorldLeadersNews links readers to the publisher and does not present a headline-only item as a full article analysis.
Related leaders
