**Breaking News: Trump FURIOUS as Canada Cuts Off Steel Exports in Retaliation for Tariffs**
In a shocking escalation of the trade war, Canada has announced a drastic cut in steel exports to the United States, sending ripples of panic through American industries reliant on Canadian steel. Just moments ago, Prime Minister Mark Carney unveiled a bold plan that slams the export valve shut, retaliating against President Trump’s recent doubling of metal tariffs to an eye-watering 50%. This move threatens to create a $12 billion void in Detroit’s assembly lines, jeopardizing the production of everything from pickups to Pentagon projects.
The Canadian government is taking a hardline stance, mandating that domestic projects rely primarily on Canadian steel. Carney’s strategy aims to bolster local mills while simultaneously choking off cheap steel imports from abroad. This comes as American companies are already feeling the pinch, with prices for hot rolled coil surging 6% in a single day following Trump’s tariff announcement. The repercussions are dire: General Motors has slashed its profit outlook by $5 billion, citing spiraling costs linked to the tariffs.
As Ottawa pushes for a green steel revolution, the implications for the U.S. are staggering. With Canada earmarking $1 billion to expand its clean steel capacity, American manufacturers are left scrambling for alternatives. The trade war’s fallout could turn into a financial boomerang, hitting Main Street harder than any foreign competitor. As the deadline for negotiations looms, the question remains: can the U.S. salvage its supply chain before the pain becomes unbearable?
In a dramatic twist, Carney’s plan could not only shield Canada from the fallout but also position it as a leader in the green energy sector, leaving American industries to grapple with the fallout of their own protectionist policies. The clock is ticking, and the stakes have never been higher. Will Washington respond in time to avert disaster, or will this trade war escalate to unprecedented levels? Stay tuned as this story develops.