Canada to hold off response on higher U.S. metals tariffs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2025
0mins
Source: SeekingAlpha
Impact of U.S. Tariffs on Canada: President Trump's decision to double tariffs on imported steel and aluminum to 50% significantly affects Canada, the largest supplier of these metals to the U.S., prompting Prime Minister Mark Carney to label the tariffs as "illegal" and "unjustified." However, Canada is currently holding off on retaliation while negotiating a new economic agreement with the U.S.
Concerns from Canadian Industry: Major Canadian labor unions and industry groups are urging the government to impose matching tariffs in response to the U.S. hikes, citing severe impacts on Canadian steel production and market access, with warnings that the U.S. market may be effectively closed to Canadian steel at the new tariff rate.
Analyst Views on FLCA
Wall Street analysts forecast FLCA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FLCA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 49.450
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Current: 49.450
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
