Canada to announce counter-tariffs in response to Trump's tax hike on metal imports
Posted on: Mar 12, 2025 19:41 IST | Posted by: Hindustantimes
After the Donald ruff organization went forward with levies on canadian river nerve and aluminium imports, Canada will announce counter-tariffs on about C$30 billion ($20.8 billion) of US-made products on Wednesday, reported Bloomberg.
After Canada's Ontario province announced a surcharge on its electricity imports to the US, Donald Trump doubled tariffs on Canadian metal imports.
“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 on his Truth Social platform.
The tariffs came into effect today.
Since returning to office, Trump has implemented significant tariffs on key US trade partners, including Canada, Mexico, and China. While some reductions were made for neighbouring countries, he has pledged new levies to take effect from April 2.
The new tariffs are expected to hit Canada hard, as it supplies around 50 percent of US aluminium imports and 20 per cent of its steel imports, according to a recent analysis by EY’s chief economist, Gregory Daco.
Meanwhile, US Commerce Secretary Howard Lutnick said nothing would stop President Donald Trump's expanded 25% tariffs on steel and aluminium until U.S. Domestic production is strengthened, and that Trump will add copper to his trade protections.
"So I think it's just to level-set things, make sure we know each other, and then we're going to negotiate with all of Canada," Lutnick said.
Donald Trump has also warned Canada that the US would increase tariffs on cars, forcing it to shut its automobile manufacturing business.
"If other egregious, long-time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. Which will, essentially, permanently shut down the automobile manufacturing business in Canada," Trump added.
Donald Trump had also questioned the US government's defence subsidies to Canada, saying it would be stopped unless the country became the United States' 51st state.
With inputs from AFP, AP, Reuters
Global News Perspectives
In today's interconnected world, staying informed about global events is more important than ever. ZisNews provides news coverage from multiple countries, allowing you to compare how different regions report on the same stories. This unique approach helps you gain a broader and more balanced understanding of international affairs. Whether it's politics, business, technology, or cultural trends, ZisNews ensures that you get a well-rounded perspective rather than a one-sided view. Expand your knowledge and see how global narratives unfold from different angles.
Customizable News Feed
At ZisNews, we understand that not every news story interests everyone. That's why we offer a customizable news feed, allowing you to control what you see. By adding keywords, you can filter out unwanted news, blocking articles that contain specific words in their titles or descriptions. This feature enables you to create a personalized experience where you only receive content that aligns with your interests. Register today to take full advantage of this functionality and enjoy a distraction-free news feed.
Like or Comment on News
Stay engaged with the news by interacting with stories that matter to you. Like or dislike articles based on your opinion, and share your thoughts in the comments section. Join discussions, see what others are saying, and be a part of an informed community that values meaningful conversations.
Download the Android App
For a seamless news experience, download the ZisNews Android app. Get instant notifications based on your selected categories and stay updated on breaking news. The app also allows you to block unwanted news, ensuring that you only receive content that aligns with your preferences. Stay connected anytime, anywhere.
Diverse News Categories
With ZisNews, you can explore a wide range of topics, ensuring that you never miss important developments. From Technology and Science to Sports, Politics, and Entertainment, we bring you the latest updates from the world's most trusted sources. Whether you are interested in groundbreaking scientific discoveries, tech innovations, or major sports events, our platform keeps you updated in real-time. Our carefully curated news selection helps you stay ahead, providing accurate and relevant stories tailored to diverse interests.
No comments yet.