Trump Tariffs Hit Steel Sector Jobs on Both Sides of Border

Hundreds of steel and aluminum workers across North America have lost their jobs following recent US tariffs, with thousands more at risk as additional trade measures loom, according to union officials and company statements.

US President Donald Trump imposed tariffs on steel and aluminum on March 12, with more tariffs coming on April 2.

In Canada, about 200 union members are already out of a job, Marty Warren, national director of the United Steelworkers, told Reuters. Canada Metal Processing Group reduced its workforce by 140 employees, while Algoma Steel has laid off about 20-27 workers.

“Everyone losing a job or laid off is a major hit,” said Warren. “With the full-blown tariffs coming in on April 2 … it’ll probably affect 100,000 of our members,” he added. United Steelworkers represents more than 225,000 members in Canada.

The Canadian government has responded with emergency measures. Prime Minister Mark Carney recently announced policies allowing earlier access to employment insurance and unveiled a multibillion-dollar aid package for affected businesses.

Contrary to expectations that tariffs would primarily benefit US manufacturers, American steel companies are also announcing significant job cuts.

Cleveland-Cliffs Inc., the largest steel supplier to the automotive industry in the US, will idle operations at its Dearborn plant this summer, affecting approximately 600 employees. The company cited “the current reality of weak automotive production in the US” as the reason for the shutdown.

The steelmaker is also laying off nearly 600 workers in Minnesota starting in May due to “excessive iron ore pellet inventory” resulting from decreased domestic steel demand.

Cleveland-Cliffs CEO Lourenco Goncalves has publicly supported the Trump administration’s trade policies, telling CNBC last month that the tariffs would help “bring back manufacturing in the US.”

“We believe that, once President Trump’s policies take full effect and automotive production is re-shored, we should be able to resume steel production at Dearborn Works,” the company said in a statement.

Economic analysts remain cautious. Cox Automotive, which had forecast new-vehicle sales to reach 16.3 million units in 2025, now questions this target given the tariff situation.

“Higher prices and border disruptions could result in lower volume and upend vehicle pricing,” said Cox Automotive Senior Economist Charlie Chesbrough in a recent report.

Economists warn that the impact of the tariffs is expected to broaden the longer they remain in place.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

This Gold Story Starts With Cash Flow | Gordon Robb – ESGold

Silverco Cusi Mine PEA: Bigger Isn’t Always Better

Fixing Heart Disease Tied to Sudden Death in Young People | David Elsley – Cardiol Therapeutics

Recommended

Silver47 Eyes Discovery in Nevada After Tripling Kennedy Project Footprint

BREAKING: Preliminary Magnitude 7.4 Earthquake Strikes Off Northern Japan, Tsunami Warning Issued

Related News

Scotiabank Cuts More Jobs in Canada

Scotiabank (TSX: BNS) has begun cutting positions in its Canadian banking operations, the latest phase...

Friday, October 17, 2025, 11:14:00 AM

Tariff Pause Won’t Stop the Pain – Tariff Levels Still At Decades Long High

President Donald Trump announced a pause on the newly imposed tariffs, but only for countries...

Thursday, April 10, 2025, 12:07:00 PM

Trump’s Turbulence Pushes Global Funds Away From US Investment

Signs are emerging that global pension funds are losing confidence in the US, with some...

Tuesday, April 15, 2025, 09:47:00 AM

Macron-Aligned Renew Europe Blasts “Unbalanced” US-EU Deal As Bloc Fact-Checks Trump’s Claims

Just hours after the US and EU reached a trade agreement, significant dissent has emerged...

Tuesday, July 29, 2025, 11:34:00 AM

Trump Mulls Automotive Sector Relief from Certain Tariffs

The White House has signaled that President Donald Trump is open to providing the automotive...

Thursday, April 24, 2025, 11:20:00 AM