Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies
Trump doubles planned tariffs on Canadian steel and aluminum to 50% as trade war intensifies
President Donald Trump says that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor.
The U.S. lacks the production capacity to meet domestic demand for steel and aluminum, else imports wouldn’t be necessary. I.e. domestic aluminum only covered about 15% of demand in 2024
With a 50% tariff, businesses relying on these materials will still have to import, but at much higher costs.
Trump believes this will boost domestic production, and even if that was true it would take years. However, in reality, it will likely reduce consumption due to skyrocketing prices, leading to lower demand, layoffs, and eventually recession.
The 1920s are calling.
Aluminum requires a ton of cheap electricity/energy to produce. Which certain provinces in Canada have abundance of, along with the ore. Production isn't going to US because he put tariffs.
Did the article change out from under you? This title is now literally the opposite of the actual article's title: "Trump halts doubling of tariffs on Canadian metals after Ontario suspends electricity price hikes"
Just sanction the US. Cut them off completely. That's what, they want, isn't it?
Build a dome, build a dome.
And let the Americans pay or it.
Russian agent in White House put tariff on Aluminum from neighboring very hostile country Canada, and plans to get it very cool and very legal from Russia instead.
The Russian agent has allegedly been identified, but Americans have decided it's OK to have Russian agents in the White House now.Read Next: Americans puzzled about why nobody likes them anymore.
What really concerns me, is that even here in Germany i hear people saying "eh, Trump is ok, at least he's doing something".
It's not only a few that think like this and it's always the same people that are anti vaccine, anti trans rights, anti woke.
I don't like this timeline anymore, but the reset button isn't working...
As an american, a slight correction.
Read Next: about 40% of Americans puzzled about why nobody likes them anymore. Another 40% puzzled about why anyone still likes them. 20% didn't understand the question, and refused to elaborate.
Well, just double the tarrifs on electricity to 50%, too.
Turn it off.
papa pls no!
All pictures of him make perfect sense when you remember he's sitting in a diaper full of his own shit.
and quite comfortable that way and screaming at people while their eyes water from the stench
well he will find out that bullying countries is not the same as bullying students in college or bullying your white collars
Hurry, grab more gasoline! This fire isn't going to put itself out!
His responses sound like robotic Civilization responses. Canada is a high tariff nation because of you dumbass.
“I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump posted Tuesday on Truth Social.
And he'll rescind them all by this time tomorrow.
No, he rescinded the ones from February so that his base can go around saying "What tarrifs? He rescinded them," while simultaneously complaining about the retaliation tarrifs.
Basically MAGA thinks only Canada currently has tariffs on us.
Where this stops, if it stops?
Still too low, I think he should raise it to 100%! (/s) Anyway how is CPC's 30 point lead doing today? To shreds you say, tsk tsk tsk
michael moore finally gets to make a sequel to canadian bacon.
He's really helping things along with all these acts of stability, consistency, and predictability. Stuff businesses thrive on. Maybe the business world outside of the stock market (which the manipulation of is what this may all be about anyway) is just ignoring the day to day until something persists long enough to even get into the daily supply chain.