Trump has arrived at the White House in a great hurry to deliver on his outlandish promises to the electorate, whether on immigration or trade policy. The imposition of a 25% tariff on all steel and aluminum imports has come as a shock to the world’s producers, especially those who were de facto trading partners. This is the case of countries such as Canada. The United Steelworkers (USW) union claims that these are unjustified measures that break up existing supply chains and threaten not only Canadian jobs, but also shatter economic stability across the border. Union spokespersons say that they have had similar experiences in the past with very unfortunate results, adding that the Canada-US economy has been strong for years with a long-standing relationship with the U.S. and Canada. They added that the Canada-U.S. economy has been strong for years, with $20 billion in steel traded between the two countries annually.
Canada is currently North America’s largest steel supplier and also imports $4.1 billion worth of steel.
Canada will not stand idly by in the face of such a challenge and is considering shock measures, which USW assures will have a very negative impact on American jobs, since they will stop buying this raw material in the USA.
American Aluminum supports tariff freedom while Trump says he will impose these duties on Canada and Mexico
Trump announces 25% tariff on imports from Canada and Mexico and additional tariffs on China
Canadian steel producers on guard against China threat
Aluminum Association says Canadian tariffs on Chinese aluminum will protect domestic production
BIDEN ANNOUNCES ITS INTENTION TO INCREASE TARIFFS ON ALUMINUM AND STEEL FROM CHINA TO 252%.
Tariffs to be imposed on Canadian, Chinese and German tin-plated steel
Aluminum associations call for action on Global Agreement on Sustainable Steel and Aluminum
Can makers’ fight against tariffs on tinplate imports into the U.S.
The story of how tariffs throw an industry into chaos
