Trade Tensions Rise as U.S. Expands Tariffs with Copper

U.S. Commerce Secretary Howard Lutnick asserts that President Trump's 25% tariffs on steel and aluminum will remain until U.S. domestic production improves, with plans to include copper. Lutnick aims to ease U.S.-Canada tensions and intends to negotiate trade once Mark Carney assumes office as Canadian prime minister.

U.S. Commerce Secretary Howard Lutnick made a firm declaration that President Donald Trump's stringent 25% tariffs on steel and aluminum will persist until domestic production is bolstered. These trade protections will soon include copper, reflecting a broader strategy to fortify U.S. manufacturing.

During an interview with Fox Business Network, Lutnick announced plans to meet with Ontario Premier Doug Ford. The meeting aims to 'lower the temperature' between the U.S. and Canada, amid ongoing trade tensions.

Lutnick specified the wait for Mark Carney's full installation as Canadian prime minister before negotiating trade on a national level, indicating a strategic approach to future U.S.-Canada trade relations.

(With inputs from agencies.)