Trump indicated for double steel and aluminum tariffs at midnight
US President Donald Trump on Tuesday signed an executive order, doubling tariffs on steel and aluminum imports, an official of a Canadian industry warned that “unattainable results would be”.
According to the order, the new rate will be effective at midnight.
“Although earlier steel and aluminum tariffs have helped provide significant value assistance in the United States market, they have yet not enabled these industries to develop and maintain capacity production usage rates that are required for the constant health of industries and for the estimated national defense needs,” read the order, which was, which was, which was, which was there. Published online After the global market is closed.
“I have determined that these industries will get more support by increasing the tariff imposed earlier and reduce or eliminate the national security threat arising from the import of steel and aluminum articles.”
The move deepens the threat against industries in two largest provinces of Canada: Ontario is a major global aluminum manufacturer in the form of a steel-production hub and Quebec.
During the question period in Ottawa this week, Industry Minister Melaney Jolie said that he spoke about the need to strengthen Canada’s domestic economy with industry officials in both provinces to reduce his dependence of the US.
Jolie said at home on Monday, “We will use cubes and Canadian aluminum steel in our infrastructure projects.” “We will build and protect jobs and we will defend ourselves against this injustice from the White House.”
Catherine Cobden, head of the Canadian Steel Producers Association, says US President Donald Trump’s new threats, steel and aluminum tariffs to repeat up to 50 percent, ‘fully inappropriate’ and Ottawa should quickly apply an anti -retaliation tariff. Read more: https://www.cbc.ca/1.7548855
The head of the Canadian Steel Producers Association (CSPA) said that on Saturday, the increasing tariff will “create massive disruption and negative results” in the supply chain “and will affect customers in both countries.
Read in a statement by CSPA President and CEO Catherine Cobden.
The US first imposed 25 percent tariffs on steel and aluminum from Canada on March 12. Soon after the metals came through the levy, Ottawa announced a plan to retaliate with the tariff. $ 29.8 billion price Of American goods.
Canada is the largest steel supplier in the United States, which is about a quarter of all its imports in 2023.
