Real world data backs this up! U.S. import tariffs on steel in 2018 caused steel prices to rise over 10%. Among the recent threats, several steel suppliers have announced price increases, with U.S. futures for hot-rolled steel coil jumping by as much as 25% since the beginning of Feb. 4/6

Prices of metals, such as steel and aluminum, are expected to increase in the U.S. in response to import tariffs, while Canadian oil and gas producers are expected to respond with discounts to compete in the U.S. market due to limited alternatives 3/6

Grub, germs and steel?

Our latest tariff analysis finds the most effective tariff response for Canada is to tax US food and beverages, pharmaceuticals, and metal products.

@naviusresearch.bsky.social

Trump's tariffs could lead to a trillion dollar (nominal) hit to US GDP over the next six years, as per new Navius analysis:
t.co/W1KGQORT9H

Kudos to ECCC for seeking independent modelling of the final Clean Electricity Regulations.

In short, Navius finds the changes to the regs help limit elec price impacts at the cost of fewer emissions reductions before 2050

You will find a snippet of our assessment of the regs on p99 of the RIAS.