President Trump threatens a 25% rate on Canadian steel and aluminum imports from March 12. Companies in Canada already feel the effects.
The United States and Canada negotiate 25% of President Trump Proposal for a price on Canada Steel and aluminum imports. The prices have not yet started, but some Canadians treat the possibility of higher price every day.
“People who live in Canada can no longer allow themselves to travel anywhere outside Canada because our money is almost useless,” said Vance Lyons, a Canadian resident.
And there are different opinions on the question of whether Trump will accomplish his threats.
“I don’t think it happens,” said Paul Dutton, who lives in Canada. “So I think it’s just threats, and I’m not afraid.” But others are angry. “I think it’s stupid about his half. I think it’s stupid. I think he’s an idiot,” said Lyons.
The Canadians are hoping for better agreement between President Trump and Prime Minister Trudeau. (Kailey Schuyler / Fox News)
It is not just everyday people who are worried. Companies are already injured for concerns about prices. The products are stuck on the border and orders between countries stop.
“Our American distributors could not take possession of the goods they ordered from us.” said Rahim Moloo, owner of Conquest Steel in Toronto. “We focus on the fitting of redistributing part of this inventory that went from the United States to the Canadian market and provided on the Canadian market to a little cheaper.”
A steel company in Toronto is already losing business (Kailey Schuyler / Fox News)
Business slows down, so Moloo cut off the office hours.
“We had to close our night quarter and temporarily roll them in the quarter -day,” said Moloo.
Moloo says that some Canadian distributors have expressed new American orders. President Trump says the Americans will not feel the tariff’s pain for a long time, but the CEO of the Toronto Région Board of Trade said that the United States has made good profit in Canada without more prices.
“I think they are really difficult to understand in the sense that we were obviously, you know, neighboring countries. Our savings are very closely integrated. The United States, as you know, have 500 billion dollars of Investment in Canada, “said Giles Gherson, CEO of the Toronto Region Board of Trade.
Trump defends prices, accuses Canada of being “ very violent in the United States ”: Video
During President Trump’s first term, he imposed similar prices, but granted exemptions. This time, Trump says no exemption, and Canadian leaders are ride.
“If our response is firm and clear,” said Justin Trudeau, Prime Minister of Canada.
Most imports of steel and aluminum come from Canada, Mexico and Brazil. (Kailey Schuyler / Fox News)
Justin Trudeau sends us an ardent message after the victory of the 4 nations of Canada
The United States imported more than $ 7 billion in Canada’s steel last year, the US International Trade Administration. Canada will impose prices of 25% at $ 155 billion in goods if Trump goes ahead with that.
“What did we do to deserve this? And what did the American leaders did to deserve it, that is because you will see, you know, potentially massive closures in the American automotive sector and others Sectors because of this, “said Gherson.
Get Fox Affairs on the move by clicking here
From now on, prices should take effect March 12.
“We can be friends. Not enemies,” said Joanne Tea, a Canadian resident.