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Canada Hopes to Dodge Trump Crackdown on Foreign Steel

  • Northern neighbor is the top steel, aluminum exporter to U.S.
  • Tariffs may deal blow to Nafta talks: Chamber of Commerce
Inside The Stelco Facility As 107-Year-Old Steelmaker Has Plan To Take On Global Giants
Photographer: Cole Burston/Bloomberg
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The biggest steel and aluminum exporter to the U.S. is hopeful of being left out of a Trump administration crackdown on foreign shipments.

The U.S. Commerce Department didn’t recommend giving Canada a pass when it outlined possible tariffs and quotas on Friday, but it did single out its northern neighbor’s importance to the U.S. aluminum industry. Canada accounts for about half of the U.S.’s almost 5 million-metric-ton aluminum deficit, and domestic smelters couldn’t fill that kind of void quickly, ING Bank strategist Oliver Nugent wrote in a note to clients Monday.