Trump will stack metal tariffs on top of looming 25% levies: White House

If Donald Trump goes up with threatened 25 per cent tariffs connected alloy and aluminum, that would stack connected apical of the 25 per cent across-the-board tariff connected Canadian goods that helium has already vowed, the White House confirmed to Global News.

That means the tariffs connected Canadian alloy and aluminum imports into the U.S. would full 50 per cent.

On Feb. 1, the U.S. president signed an enforcement order imposing tariffs connected Canadian and Mexican goods.

“I person implemented a 25% Tariff connected Imports from Mexico and Canada (10% connected Canadian Energy), and a 10% further Tariff connected China,” Trump said successful a connection astatine the time.

Prime Minister Justin Trudeau announced Canada would enforce retaliatory tariffs worthy $155 cardinal successful an code to the federation aboriginal that night.

A time earlier the tariffs were to spell into effect, Trudeau and Trump had a telephone telephone aft which Trump decided to intermission the tariffs for 30 days.

But the thaw was short-lived.

Trump connected Monday signed a brace of statesmanlike proclamations that volition enforce 25 per cent tariffs connected overseas alloy and aluminum connected March 12, with no exceptions oregon exemptions.

“It’s a large deal. This is the opening of making America affluent again,” Trump said arsenic helium signed the orders successful the Oval Office.

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The Trump medication said the determination was meant to enactment up the U.S. alloy and aluminum industries and to support America’s economical and nationalist security.

While Canada has promised a bid of measures to curb the travel of fentanyl astatine the borderline – which Trump says is the crushed helium is imposing wide tariffs – the deadline volition beryllium up successful the archetypal week of March.

Trump has also threatened tariffs connected Canadian vehicles of betwixt 50 and 100 per cent.

During erstwhile 25 per cent tariffs connected alloy and 10 per cent connected aluminum successful Trump’s archetypal term, alloy exports to the U.S. dropped 38 per cent during the twelvemonth the tariffs were successful place, according to Statistics Canada, portion aluminum exports fell by much than half.

–with files from Global’s Reggie Cecchini and David Aikin