Tears of Joy Flow in the Steel Industry as Trump Rolls Back Tariffs
- Trump has removed tariffs on steel from Canada and Mexico
- U.S. decision clears way for steelmakers to gain from USMCA
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When President Donald Trump dropped tariffs on steel from America’s neighbors, it brought tears to the eyes of employees at the biggest Canadian steel company.
Alan Kestenbaum, executive chairman at Stelco Holdings Inc., said emotional staff approached him to express thanks that the company spared their jobs. Elsewhere in the industry, employees uncorked champagne in celebration.