The U.S.-Canada trade war has introduced new tariffs that are impacting the metals market. The U.S. has imposed 50% tariffs on approximately $20 billion worth of Canadian imports, with Canada retaliating with equal measures.
Metals like steel have performed well this year, but new tariffs and complex supply chains may affect the market.
The trade tension between the U.S. and Canada has led companies and economists to attempt to forecast the level of volatility to expect.
Experts note that supply chains are complex, and tariffs affect not only the countries they are imposed on but also their own countries.
