Washington, March 11: Former U.S. President Donald Trump has announced that he will double the existing 25% tariff on Canadian steel and aluminum if re-elected. The statement has sparked concerns about renewed trade tensions between the two neighboring countries.
Trump, known for his aggressive trade policies, made the announcement during a campaign speech, arguing that the increased tariffs would protect American manufacturers and workers. “We cannot allow foreign countries to take advantage of us. Canada has been unfair in trade, and we will ensure American steel and aluminum industries remain strong,” he said.
The move, if implemented, could significantly impact Canada’s steel and aluminum exports, as the U.S. is one of its largest markets. Canadian officials have not yet responded, but experts warn that such tariffs could strain U.S.-Canada trade relations and lead to countermeasures.
The decision comes amid Trump’s broader push for protectionist economic policies, which were a hallmark of his previous administration. Further developments on this issue are expected as reactions pour in from Canadian authorities and global trade experts.