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Tue, February 11, 2025

Trump imposes 25% tariffs on steel, aluminum


Published on 2025-02-11 01:41:05 - bnnbloomberg
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  • U.S. President Donald Trump on Monday removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%.

The article from BNN Bloomberg discusses Canadian Conservative Party leader Pierre Poilievre's stance on potential U.S. tariffs on Canadian steel and aluminum. Poilievre stated that if he were Prime Minister, he would match any tariffs imposed by former U.S. President Donald Trump on these commodities. This response comes in the context of Trump's previous threats to impose a 10% tariff on all imports if he were to return to office, which could significantly impact Canadian exports. Poilievre's comments reflect a strategy to protect Canadian industries by retaliating in kind, potentially escalating trade tensions between Canada and the U.S. The article also touches on the broader implications for trade relations, the economic impact on both countries, and the ongoing discussions about trade policies and protectionism.

Read the Full bnnbloomberg Article at:
[ https://www.bnnbloomberg.ca/investing/commodities/2025/02/10/live-updates-poilievre-says-hed-match-trumps-threatened-steel-aluminum-tariffs-if-he-was-pm/ ]
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