Trump's Tariffs on Canadian Steel, Aluminum Expected to Cost US Jobs

Prime Minister Justin Trudeau warned that the U.S. would suffer job losses and economic setbacks if President Donald Trump imposes tariffs on Canadian steel and aluminum, citing previous tariff implementations that resulted in 75,000 U.S. job losses. Trudeau emphasized that Canada would respond with countermeasures if necessary, as discussions continue between Canadian officials and U.S. representatives. Ken Griffin, founder of Citadel, echoed concerns about the negative impact of Trump's tariff policies on U.S. economic growth, suggesting they could lead to increased deficits and diminished competitiveness for domestic companies. He criticized the uncertainty created by the tariff dynamics, which could drive other nations to seek new trade alliances. Experts agree that the proposed tariffs could hurt American industries reliant on Canadian imports, particularly in the aluminum sector where Canada supplies a significant portion of U.S. needs. As negotiations unfold, both Canadian leaders and U.S. industry figures remain apprehensive about the long-term impacts of these trade policies.