Trump's 50% Tariff Just Destroyed Canada's Steel Industry — Here's the Damage

Canada's steel shockwave just wiped out $12 billion — and Wall Street is still counting the cost. Trump's 50% Section 232 tariffs on Canadian steel took Canada's three biggest mills from full production to 50% capacity in months. Algoma Steel posted a $985 million net loss in 2025. ArcelorMittal Dofasco laid off workers in Hamilton. Stelco curtailed operations. Cleveland-Cliffs stock fell 50.8%. General Motors flagged $3–4 billion in tariff costs. And 1,050 workers in Sault Ste. Marie received layoff notices the week before Christmas. This video breaks down the real financial damage — with verified numbers from Algoma SEC filings, MEPS International, Statistics Canada, and Wall Street earnings reports. Canada went from paying zero steel tariff to 50% in just five months. The economic blast radius reached auto plants, construction firms, and North American equity markets simultaneously. CAPITAL Alert explains what nobody else is connecting. Subscribe now and drop a comment — does Canada's steel industry fully recover, or permanently contract? #CanadaSteel #TrumpTariffs #SteelTariff #AlgomaSteel #WallStreet #CAPITALAlert #CanadaEconomy #Section232 #SteelIndustry #TradeWar