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Canada’s Aluminum Meltdown: How Gulf Billionaires and U.S. Tariffs Are Squeezing the Maple Leaf
While Ottawa Naps, the Saudis, Qataris, and Uncle Sam Are Building Smelters-And Canada’s Getting Smelted
By Trucker Karlson, Canamericanews.com
Good evening, I’m Trucker Karlson. Tonight, we’re cracking open a cold one-and I don’t mean a Molson, I mean the Canadian aluminum industry. Once the pride of Quebec and the backbone of North American beer cans, it’s now being hammered by U.S. tariffs and a tidal wave of Gulf petrodollars. You can’t make this up. But a word from our sponsor:
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Let’s lay out the facts, because you won’t hear this on CBC.
The $3 Trillion Question: Who’s Buying America Now?
In 2025, the U.S. government-under President Trump, back for Season Two-secured over $3 trillion in investment from Gulf states like Qatar, the UAE, and Saudi Arabia. Yes, trillion. That’s enough to buy every Tim Hortons in Canada and still have change for a few hockey teams.
The UAE’s Emirates Global Aluminium (EGA) is building a $4 billion aluminum smelter in Oklahoma. It’ll crank out 600,000 tons a year by 2030. Qatar is pouring billions more into U.S. metals, energy, and tech. Why? Because America wants to “reshore” manufacturing and stop relying on “unfriendly” countries. (Sorry, Ottawa. Guess who’s suddenly not on the Christmas card list?)
Canada: From Aluminum King to Aluminum Pawn
Here’s the kicker: for decades, Canada supplied over half of all U.S. aluminum imports-2.6 million tonnes out of 4.8 million in 2024. Why? Cheap hydro in Quebec, a stable workforce, and a border so friendly even the beavers wave you through.
But now?
25% U.S. tariffs on Canadian aluminum and steel.
Layoffs and uncertainty in Quebec’s smelters.
U.S. and Gulf-backed plants rising like oil derricks in Oklahoma.
It’s not a conspiracy, it’s just business-and Canada’s getting benched.
The Numbers Game: Who’s Winning?
Supplier/Source | 2024 U.S. Import Share | What’s Changing? | Risk to Canada |
---|---|---|---|
Canada | ~53% | Facing tariffs, layoffs | HIGH |
Gulf States | Minimal (historically) | $4B EGA plant, more FDI | RISING |
U.S. Domestic | ~15% (est.) | New plants, high costs | COULD GROW |
If the Gulf’s new plants come online and U.S. tariffs stay, Canada’s market share is going the way of the dodo.
Why Is This Happening?
U.S. wants “Made in America” aluminum for national security and the energy transition.
Gulf states want a piece of the action-and a hedge for when oil isn’t king.
Canada? Ottawa’s still writing sternly worded letters and holding “stakeholder consultations.” That’ll show ‘em.
What Does This Mean for Canada?
Jobs at risk in Quebec and British Columbia.
Less leverage in trade talks.
More foreign control over North American manufacturing.
And if you think this is just about aluminum, think again. Next up: steel, cars, maybe even maple syrup. (Okay, maybe not the syrup. Yet.)
Final Thoughts: Who’s Looking Out for Canada?
You’d think Ottawa would be fighting for Canadian industry. Instead, they’re watching as Gulf billionaires and American politicians carve up the market.
If you’re a Canadian worker, you should be asking: Who’s got your back? Because right now, it’s not looking like anyone in Parliament Hill is even awake.
If you want more real news, real facts, and a little bit of real outrage, SUBSCRIBE to Canamericanews.com and follow us on Instagram, X (formerly Twitter), and YouTube. Don’t let the next big story slip by while the politicians are napping.
I’m Trucker Karlson-keep your eyes on the road, and your hand on your wallet.