If Donald Trump go ahead with threatened with 25% of steel and aluminum pricesThis would accumulate above the 25% of the two percent tariffs on the Canadian goods he has already judged, the White House confirmed Global News.
This means that Canadian steel and aluminum import prices in the United States would total 50%.
On February 1, the American president signed a decree Imposing prices on Canadian and Mexican products.
“I implemented a 25% price on imports from Mexico and Canada (10% on Canadian energy) and an additional 10% price on China,” Trump said in a statement to the era.
Prime Minister Justin Trudeau announced that Canada would impose reprisal rates worth $ 155 billion in a speech to the nation later in the night.
A day before the prices come into force, Trudeau and Trump had a phone call after Trump decided to suspend the prices for 30 days.
Get national news
For news that has an impact on Canada and worldwide, register for the safeguarding of news alerts that are delivered to you directly when they occur.
But the thaw was short -lived.
Trump signed a pair of presidential proclamations on Monday which will impose prices of 25% on foreign steel and aluminum on March 12, with No exceptions or exemptions.
“It’s a big problem. It is the beginning of making America rich in America, “said Trump by signing orders in the oval office.
The Trump administration said this decision was to consolidate the American steel and aluminum industries and to protect economic and national security in America.
While Canada has promised a series of measures to curb the fentanyl flow on the border – which, according to Trump, is the reason why it imposes general prices – the deadline will be in the first week of March.
Trump has also threatened with Canadian vehicle prices Between 50 and 100%.
During the 25% of previous prices on steel and 10% on aluminum at Trump’s first mandate, steel exports to the United States lost 38% during the year when prices were in place, According to Statistics CanadaWhile aluminum exports have dropped more than half.
–The files of Reggie Cecchini and David Aikin of Global
& Copy 2025 Global News, A Division of Corus Entertainment Inc.