Donald Trump announces new trade tariff rafts including steel

Canada and Mexico are two of the US’s largest steel trading partners, and Canada is the largest supplier of aluminum metals to the US.

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

However, the United States I reached the deal a year later The EU import tax was in existence until 2021, but to end tariffs between Canada and Mexico.

Speaking in Air Force 1, Trump said Monday he would announce tariffs on steel and aluminum “Everyone.”

“Steel coming into the US will have 25% tariffs,” he said.

In response, Ontario Prime Minister Doug Ford denounced Trump in an online post of “changing goal posts and certain turmoil and putting the economy at risk.” Canada’s steel production is concentrated in Ontario.

Trump’s comments show another major escalation Trump’s trade policy threatens a trade war with multiple countries.