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Algoma Steel Group Inc
Symbol ASTL
Shares Issued 105,661,468
Close 2026-08-14 C$ 5.94
Market Cap C$ 627,629,120
Recent Sedar+ Documents

Globe says Algoma, others told U.S., Canada far apart

2026-08-17 06:26 ET - In the News

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The Globe and Mail reports in its Saturday edition that Dominic LeBlanc was scheduled to stay in Washington over the weekend as negotiators aim to bridge the significant policy divide that remains ahead of the Wednesday deadline for a trade deal. A triple-bylined item led by Adrian Morrow says U.S. President Donald Trump has threatened to impose new 50-per-cent tariffs on $20-billion (U.S.) worth of Canadian electronics, dairy, alcohol and other products, using Section 338 of the Smoot-Hawley Act, as of Aug. 19. Canadian negotiators are urging the U.S. to shelve that plan, while also pushing for a deal that would see an easing of earlier U.S. tariffs on Canadian steel, aluminum, autos and softwood lumber. However, the U.S. side does not seem open to granting tariff relief to those priority sectors. Mr. LeBlanc and Janice Charette, Canada's chief trade negotiator, have briefed provincial and territorial trade ministers and the federal government's Canada U.S. economic relations advisory committee. Canadian and American negotiators are not yet close to a deal. Canada and the U.S. have discussed critical minerals and defence in their continuing trade talks, and progress on those areas is expected to influence the deal.

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