Escalating Tariffs: A US-Canada Trade Standoff

U.S. President Donald Trump plans to impose a 25% tariff on all steel and aluminum imports, combining with previous levies to form a total 50% tariff on Canadian goods. The measures have been met with Canadian opposition, as Prime Minister Trudeau deems them unacceptable.

President Donald Trump's recent decision to impose a 25% tariff on steel and aluminum imports could double the levies on Canadian goods, totaling a significant 50% tariff. This potential trade barrier remains uncommunicated to Canada officially, according to a government source.

While the new tariffs were initially put on hold, Trump's latest proclamation now raises the aluminum import tariff to 25%, as well, eliminating previously granted exceptions and exclusions. Scheduled to take effect on March 12, these steps have been opposed by Canada's leadership.

Prime Minister Justin Trudeau expressed his discontent, labeling the escalated tariffs as "unacceptable." In discussions with U.S. Vice President JD Vance, who previously represented Ohio in the Senate, Trudeau highlighted concerns about the implications of these tariffs.

(With inputs from agencies.)