Canadian businesses already feeling the effects of Trump’s steel, aluminum tariff threat

The threat is already impacting his business, said Rahim Moloo, managing director and owner of Conquest Steel, a steel manufacturer and distributor based in Toronto. Some U.S. distributors are cancelling their purchase orders and leaving the company with a significant amount of inventory. Some Canadian distributors, meanwhile, have decided to stop shipping to the U.S. amid the ongoing uncertainty.

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