6 Articles
6 Articles
Opinion | If Trump's Tariffs Are For China, Why Are They Hurting Canada Instead?
While China is the world's largest steel manufacturer and exporter, it is only the 10th-largest steel supplier to America. Compare this to the 22% coming from Canada, and it becomes clear who is impacted more by this move.
Donald Trump raises steel and aluminum tariffs to 50%: Will higher levies affect US industry? What's next
US President Trump has escalated tariffs on steel and aluminum imports to 50%, aiming to bolster the domestic steel industry. However, sectors like housing, automotive, and canned goods are bracing for price hikes. While US steelmakers anticipate job creation, foreign producers, especially Canada, face challenges. Automakers warn of disadvantages, and homebuilders foresee increased construction costs, impacting affordability for consumers.
How has Canada responded to Trump's tariff hike on steel and aluminum?
Prime Minister Mark Carney has called Tuesday's doubling of steel and aluminum tariffs by U.S. President Donald Trump "unjustified" and pledged to respond, but what that response might look like isn't clear yet, with officials batting down the idea of immediate counter-tariffs.
Trump’s 50% tariffs on foreign steel and aluminum come into effect
Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other wayThe US has doubled tariffs on foreign steel and aluminum imports to 50%, pressing ahead in the face of criticism from key trading partners with a measure that Donald Trump says is intended to revive the American industry.After imposing and rapidly lifting tariffs on much of the world, only to reduce them, Trump last wee…
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