Trump's Steel Tariffs Got Canada Sweating 😥 Steel Prices High Key Bussin'?

The Deets

So, like, remember when Trump was president and decided to slap these steel tariffs on Canada? Yeah, well, it's low-key still a whole thing. We're talkin' tariffs that started at 25% and then went all the way up to 50% on some stuff. Fam, that's kinda wild.

All this over what Trump called "national security concerns." But fr tho, Canadian steel companies are def not vibing. We're talkin' mad job losses and production taking a nosedive. Like, the Canadian Steel Producers Association (CSPA) said production dropped 30% BEFORE the 50% tariffs even fully hit. And some companies have already laid off over 1,000 workers. That's a major L.

But here's the tea: Trump's play was to choke out imports, make the U.S. steel industry pop off, and basically strong-arm Canada. And guess what? U.S. steel production kinda did its thing. Mills are churning out steel at levels that are def bussin. But at what cost?

These tariffs are messing with other stuff too. The price of American cars went 📈 and now the cost of building houses are expensive. Now we’re in trade negotiations with a deadline coming up so lets hope its a W.

Meanwhile, Canada's tryna finesse the situation. Prime Minister Mark Carney and his squad are trying to make it right. And just so you know, the Canadian steel industry is ready to throw some tariffs right back if they don't get a deal. It's giving chaotic.

Word on the street is that some U.S. steel producers are stoked about the tariffs driving up prices, while other companies that actually USE the steel (like car companies) are stressing about passing those costs on to us, the consumers. Economists are also side-eyeing the whole situation, saying this could mess up the whole economy. For real. But these execs are expecting the steel and aluminum tariffs to stay.

Trump threatened Canada with even MORE tariffs if they don't strike a deal. So, yeah, tariffs are def front and center in these trade talks. Stay tuned, bestie, cause this ain't over. Its a whole mess ngl.