President Trump has signed an executive order to double tariffs on steel and aluminum imports from 25% to 50%, claiming it is necessary for the health of U.S. industries and national security. This decision is expected to have severe repercussions for Canada, particularly in Ontario and Quebec where steel and aluminum are major industries. Canadian officials are urging a shift towards utilizing domestic resources to reduce dependence on U.S. imports. Industry representatives warn of extensive economic damage and call for retaliatory measures from the Canadian government.
U.S. President Donald Trump signed an executive order doubling the tariffs on steel and aluminum imports to 50%, aiming to support domestic industries and address national security concerns.
Minister of Industry Melanie Joly indicates that Canada will harness local resources for infrastructure projects and aims to protect the Canadian workforce while opposing U.S. tariffs.
The Canadian Steel Producers Association states that the tariff increase from the U.S. is completely unjustified and warns of significant repercussions for the Canadian economy.
Industry officials in Canada are concerned that the doubling of tariffs could lead to 'unrecoverable consequences' for the Canadian steel and aluminum sectors.
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