r/CanadaBusiness

Another action brought on by US tariffs. While the US allowed their steel industry to decline and their business leaders ignore reinvestment, Canada picked up the slack in its own industry as anyone would do in a free market economy to meet the demand. Both countries benefitted from the efforts, but now, the US is penalizing Canada for leveraging the capitalism that US braggs so much about. You're damned if you do, and damned when you don't.

It is hard to ignore that the program itself is warranted because manufacturing of steel is likely as a strategic commodity as they come. Steel is the backbone of so much infrastructure, that without that capability, would leave Canada vulnerable.