Reported about 17 hours ago
Despite market volatility caused by President Trump's proposed increased tariffs on Canadian steel and aluminum, leaders in the US steel and aluminum industries are expressing support for these measures. Executives from major companies have sent letters backing the 25% duties, emphasizing the importance of protection against foreign competition, particularly from China, even though some concerns regarding price impacts and potential job losses persist. The overall sentiment shows a mix of optimism for domestic production alongside worries about consumer price increases and the interconnected US-Canada market.
Source: YAHOO