Tariffs

On June 4, 2025, the United States implemented a substantial increase in tariffs on imported steel and aluminum, doubling the existing rates from 25% to 50%. This escalation affects major exporters to the U.S., including Canada and Mexico, while the United Kingdom remains exempt due to a preliminary trade agreement.

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The U.S. administration cites the need to bolster domestic industries and address concerns over foreign dumping of cheap metals. However, these measures have prompted criticism from Canadian officials and industry leaders, who argue that the tariffs are unjustified and harmful to cross-border economic relations.

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Canada's Response

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In light of the increased U.S. tariffs, Canadian Prime Minister Mark Carney's office has confirmed active negotiations seeking exemption from the new duties. While no retaliatory tariffs have been announced as of this update, the Canadian government is exploring options to mitigate the impact on domestic industries.

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The Bank of Canada has maintained its benchmark interest rate at 2.75%, acknowledging the uncertainty posed by U.S. trade policies. The central bank has indicated the possibility of future rate cuts should economic conditions deteriorate due to ongoing trade tensions.

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Our Response

 

Here at Apex Metal Fabricators, we’re staying agile—working closely with domestic mills, adjusting procurement strategies, and keeping our clients in the loop. If you're planning a project for Q3 or Q4 of 2025, now is the time to lock in pricing and secure lead times.

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We’ll continue to monitor the situation and update you as new developments unfold. Our goal, as always, is to deliver quality fabrication on time and on budget—even in a shifting market.

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Thanks to the strong, long-standing relationships we’ve built with our vendors, we're in a unique position to navigate the current tariff landscape with minimal disruption. By working closely together and finding creative solutions, we’ve been able to offset much of the potential cost increase. That means we can continue offering our customers the same quality and value they expect—without passing on unnecessary price hikes.