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Home»World»Donald Trump to announce raft of new trade tariffs including on steel
World

Donald Trump to announce raft of new trade tariffs including on steel

February 10, 2025No Comments1 Min Read
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Canada and Mexico are two of the largest steel partners in the US, and Canada is the largest aluminum metal supplier in the US.

During his first term, Trump put 25% tariffs on the import of steel and 10% on aluminum imports from Canada, Mexico and the European Union.

But the US reached the transaction in a year With Canada and Mexico stop these tariffs, although EU import taxes remained on the spot until 2021.

Speaking on board the Air Force first, Trump said he would announce tariffs on “all” for the steel on Monday.

“Any steel coming to the United States will have a 25% tariff,” he said.

In response, Ford Doug, Prime Minister of Ontario, accused Trump of “gate switching and constant chaos, exposing our economy at risk” on the Internet. Production became concentrated in Canada in Ontario.

Trump’s comments mark another serious escalation In Trump’s trade policy, which threatened the trade war with several countries.



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