Saturday, November 22, 2025

Latest

Trump Tariffs After Tariffs: 25% On Steel And Aluminum On Top Of Initial 25% Generic Dues

A White House official confirmed that new 25% tariffs on steel and aluminum will be added to any existing duties on Canadian imports, resulting in a possible combined tariff of 50% on the two metals. President Donald Trump signed executive orders imposing these tariffs on Monday, intending to start enforcement by March 12.

Previous threats from the Trump administration included a 25% across-the-board tariff on Canadian goods, later paired with a 10% tariff on Canadian energy. Although the energy levy remained in limbo, the latest executive orders confirm that these steel and aluminum tariffs will not replace previous measures; instead, they add another layer of cost.

Prime Minister Justin Trudeau met with US Vice President JD Vance in Paris at an artificial intelligence summit, where he urged the administration to reconsider the new duties. Trudeau has deemed the tariffs “unacceptable,” warning of a “firm and clear” response if they take effect as announced.

Meanwhile, Canada’s provincial premiers, led by Ontario Premier Doug Ford, have taken their message directly to American stakeholders in Washington. Ford is asking US business leaders to lobby Republican lawmakers and Trump, arguing that tariffs would damage both economies and jeopardize deeply integrated cross-border supply chains.

Canada is the top supplier of US steel and aluminum imports, while Mexico is third biggest in steel imports. Data shows that Canada alone provided 3.2 million metric tons of aluminum for US domestic consumption and shipped 6.6 million net tons of steel to the US last year.

Ford and others suggest that Trump’s aggressive stance could be part of a strategy ahead of the mandatory review of the Canada–U.S.–Mexico Agreement. The last major renegotiation took place in 2018 and concluded in 2020, replacing the North American Free Trade Agreement. With Trump threatening renewed tariffs at any moment, Canadian officials are weighing the possibility that the administration aims to renegotiate key provisions of the trade deal sooner rather than later.


Information for this story was found via CP24, CBC, and the sources and the companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

First Majestic Q3 Earnings: Another RECORD Quarter!

Barrick Q3 Earnings: Juicing Shareholder Returns Amid Declining Production

Wheaton Q3 Earnings: Cash Operating Margins Skyrocket

Recommended

Altamira Gold Encounters Second Porphyry Body, Hitting 3.5 g/t Gold Over 8.0 Metres

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Related News

Billionaires On Elon Musk Twitter Takeover: Bezos Intrigues China Link, Trump Dismisses Comeback

After dominating the news cycle recently, Tesla CEO Elon Musk’s Twitter (NYSE: TWTR) buyout generated...

Tuesday, April 26, 2022, 03:13:00 PM

Poilievre Blasts Trump Tariffs, Announces Plan to Boost Canadian Investments

Conservative Leader Pierre Poilievre on Thursday called on US President Donald Trump to end his...

Friday, March 28, 2025, 11:40:00 AM

MAGA Is Back: Donald Trump Announces 2024 Presidential Bid, And Biden Is [Kinda] Prepared

Opposing term limits in Congress, abolishing Joe Biden’s COVID policies, and paper ballot-only elections–a preview...

Wednesday, November 16, 2022, 07:46:00 AM

Ackman Walks Back ‘Conflict of Interest’ Claims Against Commerce Secretary

Billionaire investor Bill Ackman retracted his criticism of US Commerce Secretary Howard Lutnick on Tuesday,...

Wednesday, April 9, 2025, 12:56:00 PM

Trump Wants Greenland for Its Natural Resources, Vance Says

Senior officials in President-elect Trump’s incoming administration suggested Sunday that the United States could pursue...

Monday, January 13, 2025, 11:04:00 AM