U.S. President Donald Trump’s push for aggressive new tariffs in opposition to Canada is popping into an all-out commerce struggle with one of many United States’ closest allies.
After Trump moved forward with plans for a 25 % tariff on all items imported into the U.S. from Canada and Mexico, Canadian Prime Minister Justin Trudeau introduced a 25 % tariff on U.S. items imported into his nation.
On Tuesday, March 11, tensions between the U.S. and Canada intensified with the specter of a 50 % tariff on Canadian metal and aluminum.
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In a March 11 submit on X, previously Twitter, CNBC’s Megan Cassella reported, “President Trump has NOT but signed formal paperwork to formally raise tariffs to 50 % on Canadian metal and aluminum, I’m advised — a senior admin official tells me it’s ‘within the works.’ This stays a menace, relatively than an motion, till that paperwork is ready and signed.”
On CNBC the identical day, Cassella shed extra mild on threatened 50 % tariff, explaining, “I used to be simply speaking with a senior administration official who advised me that there aren’t any calls scheduled as we speak between President Trump and any Canadian counterparts. He has not but spoken with the brand new Canadian prime minister, Mark Carney. They do count on, although, the White Home tells me, for Canada to achieve out to the White Home someday as we speak. However clearly, placing the onus there, saying that there aren’t any conversations scheduled. And so they do count on Canada to achieve out.”
The CNBC reporter went on to emphasize that in line with her White Home supply, “there has not but been any formal paperwork signed.”
“This individual, this official advised me that it was within the works,” Cassella reported. “They weren’t certain when it might be prepared, when it might be signed. However that is essential right here, guys, as a result of this stays a menace till the president indicators one thing to both amend or supersede the manager order that mentioned 25 % tariffs relatively than 50.”
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Cassella continued, “After which, I additionally simply requested the White Home whether or not this was thought of a disproportionate response. I requested type of what prompted this, and so they advised me that the Ontario Premier Doug Ford, who you guys have been simply talking with, that the president noticed what he was doing on electrical energy and felt that that was an aggressive transfer that required a response. That was once I mentioned: ‘Is that this considered as disproportionate, given that fifty % tariff on all metal and aluminum could have main impacts all through U.S. trade and U.S. manufacturing?’ What I used to be advised was that the president was trying to be aggressive right here — that he needed to actually lay down the gauntlet and present Canada what they have been messing with, so to talk.”
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