Canadian industry braces for Trump’s promised tariffs on steel, aluminum

Steel and aluminum manufacture groups successful Canada are, erstwhile again, bracing for the menace of tariffs from U.S. President Donald Trump.

Trump said helium volition formally denote 25 per cent tariffs connected each alloy and aluminum imports connected Monday, including for Canada and Mexico.

Trump made the comments connected a property league aboard Air Force 1 arsenic helium travelled to New Orleans to ticker the Super Bowl betwixt the Kansas City Chiefs and Philadelphia Eagles.

“We are profoundly acrophobic that US President Donald Trump is again threatening much tariffs connected Canada, this clip straight targeting the alloy and aluminum sectors. While the details stay unclear, we volition analyse the President’s bid erstwhile it is released and person much to accidental astatine that time,” Catherine Cobden, president and CEO of the Canadian Steel Producers Association, said successful a statement.

This would not beryllium the archetypal clip Trump imposed tariffs connected Canadian alloy and aluminum. Cobden said the past clip Trump imposed tariffs connected Canada successful 2018, they caused “massive disruptions and harm connected some sides of the border, hurting some America and Canada.”

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The Canadian Steel Producers Association said the $20 cardinal worthy of alloy commercialized betwixt the 2 countries is an illustration of however integrated the Canada and U.S. economies are.

Trump imposed alloy and aluminum tariffs astatine 25 and 10 per cent respectively during his archetypal word successful March 2018 utilizing nationalist information arsenic justification.

Canada was initially fixed an exemption to these duties, but was yet deed by the tariffs connected May 31, 2018. Canada responded with a bid of counter-tariffs connected American products similar Florida orangish juice.

Nearly a twelvemonth later, connected May 17, 2019, the White House announced a woody had been reached to forestall “surges” successful the alloy and aluminum supplies from Canada and Mexico, ending the commercialized dispute.

–with files from Canadian Press