Canada, tariffs and domestic steel industry
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President Trump announced a slew of tariffs on imports last week, with a proposed 35% tariff on Canadian goods, including in the automotive sector, which could deeply affect American drivers. Trump announced the tariffs on Truth Social with screenshots of a letter sent to Canada’s prime minister,
Canada will reduce the amount of foreign steel that importers can bring in tariff-free, a move to help domestic producers suffering from US President Donald Trump’s levies on the sector.
The Canadian prime minister said it may not be possible to escape U.S. tariffs even with a bilateral agreement to resolve the current tariff row.
After long insisting that Canada could avoid Trump tariffs through talks, Mark Carney now says that is unlikely for any nation.
Prime Minister Mark Carney is expected to announce support for the Canadian steel industry, which has been clobbered by U.S. President Donald Trump's tariffs, at an event in Hamilton, Ont., later this morning.
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Provinces across Canada pulled American-made whiskey, vodka and other alcoholic drinks from their shelves earlier this year in response to tariffs. U.S. spirits companies are paying the price. From early March through the end of April,
Canada’s steel industry fears that Chinese steel facing steep tariffs in the United States will be sent north and overwhelm the Canadian market.
The president and CEO of the Canadian Vehicle Manufacturers' Association (CVMA) says new tariffs threatened by U.S. President Donald Trump could devastate cities like Windsor if they become a reality.