Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies

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Trump's steel, aluminum tariffs take effect as US-Canada trade war intensifies

//business-finance.news-articles.net/content/202 .. e-effect-as-us-canada-trade-war-intensifies.html

Published in Business and Finance on Wednesday, March 12th 2025 at 3:01 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

U.S. President Donald Trump's increased tariffs on steel and aluminum imports took effect on Wednesday as prior exemptions, duty free quotas and product exclusions expired, as his campaign to reorder global trade norms in favor of the U.

2025-03-12 195 x 130 / 7171 Bytes

The article discusses the implementation of steel and aluminum tariffs by former President Donald Trump, which have escalated tensions in the trade relationship between the U.S. and Canada. These tariffs, initially set at 25% on steel and 10% on aluminum, were part of Trump's broader "America First" trade policy aimed at protecting domestic industries. The move has led to retaliatory measures from Canada, intensifying what some describe as a trade war. The tariffs have not only strained diplomatic relations but also impacted industries on both sides of the border, with Canadian steel and aluminum exports facing significant barriers in the U.S. market. This situation has led to discussions on the economic implications, including potential job losses, increased costs for manufacturers, and disruptions in supply chains. The ongoing dispute has also raised concerns about the future of the U.S.-Canada trade relationship, traditionally one of the most robust bilateral trade partnerships in the world.

Read the Full Reuters Article at:
[ https://www.msn.com/en-us/money/other/trump-s-steel-aluminum-tariffs-take-effect-as-us-canada-trade-war-intensifies/ar-AA1AJAkA ]