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Canada Tackles Steel Dumping Amid Job Loss Crisis

6/13/2025

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Joly Tackles Steel Dumping

Canadian Industry Minister Mélanie Joly unveiled new measures to tackle steel dumping and bolster local manufacturers hit hard by soaring U.S. tariffs, now at 50%. The closure of ArcelorMittal's Hamilton mill, which will leave 153 workers jobless, underscores the urgency of Joly's mission to safeguard Canada's steel industry from rising imports.

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U.S.-China Trade Deal

U.S.-China trade talks in London have resulted in a significant deal permitting rare-earth exports to the U.S., yet a hefty 55% tariff on numerous Chinese imports remains in place. As uncertainty looms over the durability of this agreement and its effects on U.S. tech export controls, falling steel prices are hitting companies like Nucor hard.

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Joly Tackles Steel Dumping

Canadian Industry Minister Mélanie Joly unveiled new measures to tackle steel dumping and bolster local manufacturers hit hard by soaring U.S. tariffs, now at 50%. The closure of ArcelorMittal's Hamilton mill, which will leave 153 workers jobless, underscores the urgency of Joly's mission to safeguard Canada's steel industry from rising imports.

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