Not sure about steel but one of our products that we use (in Canada) that can only be purchased in the states, is a set price under a contract (annually) so since the price to import is is going up due to tarriffs, the American company is eating the extra costs.

Next year we will simply be buying less if the tarriffs are still in place since we have a budget, which means less to produce and therefore less labour required to produce the products and potential job layoffs in America.

Super smart business move.