In a time of war you need control over your steel producers. It's no good to rely on Canadians, who have now shown they think nothing of targeting the electricity supply of American cities.
The situation is different now. Canadian investment is in a substantially worse shape now than it was then after being hit by a global pandemic, followed by an underperforming economy over the last two years.
The U.S. accounts for over 90% of Canadian steel and aluminum exports. The renewal of the tariffs from 2018/19 would apply to roughly $24 billion of Canadian exports.
You think Canada will just shrug that off?
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