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Time of India
18-07-2025
- Business
- Time of India
‘All our exports have stopped': Canadian steel industry amid US tariffs
Canada is working to protect its steel industry. New US tariffs have hurt exports and caused economic problems. Industry Minister Melanie Joly says government support is needed. The government is considering using Canadian steel in various projects. Tariffs on steel from China are also announced. Trade talks with the US remain difficult. Ottawa aims to defend Canada's interests. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The fallout has been swift Canada announces new measures Canada's federal government is stepping up efforts to shield its embattled steel sector as new US tariffs throttle exports and stoke economic Minister Mélanie Joly warned this week that without direct government support, the Canadian steel industry may not be able to survive.'Survival, and I think eventually, much more than that, the fact that they can thrive,' Joly said Thursday(July 17) on The Vassy Kapelos Show, as she outlined the urgent need for also says the government is considering broader steps, including the use of Canadian steel in shipbuilding, defence procurement, and major infrastructure projects. 'We need to support them as we're creating a much more domestic market for them,' she said. Beyond economics, Joly framed steel as a national security issue, noting Canada's commitment to meeting NATO defence spending March, the United States has imposed steep duties on Canadian steel and aluminum, starting with a 25 percent tariff that doubled to 50 percent in June under an executive order from President Donald Trump According to François Desmarais of the Canadian Steel Producers Association, steel shipments to the US have plummeted by 25 percent, with nearly 1,000 Canadian jobs lost in March alone.'Basically, all our exports to the US have stopped,' Desmarais said in a separate interview on workers like Mike Tremblay, who has spent 22 years at a Hamilton steel plant, the anxiety is growing. 'People are scared. I've got two kids in university and a mortgage. If this keeps going, I don't know what happens next,' he told CBC a bid to stabilize the sector, Prime Minister Mark Carney announced new measures Wednesday, including fresh tariffs on steel originating in China and adjusted import quotas. The move, aimed at countering foreign dumping and strengthening domestic production, was welcomed by labor United Steelworkers union called it a 'major win for workers,' citing the changes to tariff-rate quotas as key to preventing job concerns remain. 'Diversifying the domestic market is important, but it won't replace US demand,' said Desmarais, warning that global overcapacity still poses a trade talks with Washington remain tense. While Prime Minister Carney and President Trump had initially aimed to reach a new Canada-US economic agreement by July 21, that deadline has now been pushed to August 1. Trump is threatening additional tariffs of 35 percent on Canadian imports, though a White House official told CTV News these would not apply to goods compliant with the Canada-US-Mexico Agreement (CUSMA).Pressed on whether the federal government will compromise to avoid further economic harm, Joly said Ottawa won't bargain in public. 'We will make sure that we don't negotiate in public,' she said. 'It is important that we stand strong. It is important that we defend Canada and Canadians' interests.'
Economic Times
05-07-2025
- Climate
- Economic Times
Wildfire cuts off remote Canadian village, 700 people stranded as airlifts and boat rescues begin
A fast-moving wildfire has isolated Patuanak, a remote Indigenous community in northern Saskatchewan, after severing its only road access. Emergency responders and supply trucks are blocked, complicating medical access and resupply efforts. While the community is not under direct threat, precautions are being taken, including flying in supplies and evacuating residents with complex health needs. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Around 700 residents of a small northern Saskatchewan hamlet are stranded after a fast-moving wildfire severed the only road connecting them to the outside a remote Indigenous community 425 kilometers north of Saskatoon, became isolated this week when flames engulfed sections of Highway 918, its sole road access point. Officials say the blaze has blocked entry for emergency responders, supply trucks, and families trying to escape.'Essentially they are safe, but they are cut off,' said Candyce Paul, the emergency management coordinator for English River First Nation, which governs the community is not under direct threat from flames, the closest wildfire remains about 60 kilometers away, and the road closure has complicated medical access and resupply efforts. Electricity was briefly lost when power poles were scorched, but SaskPower crews quickly restored keep residents safe, supplies including medications have been flown in, and nurses have traveled by boat to reach the community. Paul says many with complex health needs were evacuated to Cold Lake, Alberta before the road was fully cut off.'The ones that needed to be evacuated, they are 90 percent out,' Paul told CBC nearby Beauval, a village roughly 90 kilometers south of Patuanak, the situation remains tense. The village has blocked road access to prevent non-essential personnel from entering, with over 75 percent of its population now Post issued red alerts for both Patuanak and Beauval, with mail services disrupted due to transportation delays. The post office in Beauval is shut down of Friday, Saskatchewan reported 63 active wildfires, 17 not yet contained, and a total of 334 fires so far this season, significantly above the five-year average of 195. The government has issued over $5.5 million in emergency aid, including $500 payments to adults forced to flee their homes.'We have a team operating up there as well,' Paul said. 'Our emergency management team is making preparations for any scenario that comes up.'
