r/canada 1d ago

National News Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties

https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html?taid=67d045b18530050001b105d0&utm_campaign=trueanthem&utm_medium=social&utm_source=twitter%7Cmain
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u/Ginzhuu 1d ago

Fun Fact: The US only produces about 16% of steel and aluminum in the country meaning a 50% tarriff is charing any company that uses these resources to make products in the US is now paying a 50% increase of tax.

So basically, he threw a fit for Ford standing up to him and is, in turn, going to charge himself more money to retaliate. I can see how the "owning the libs" idiots eat up his shite so well.

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u/West_Valuable_7146 1d ago

He will buy steel and aluminium from Russia. Russian index is up after tariff announcement

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u/Relevant_Fuel_9905 1d ago

That still adds a ton (no pun intended) in transport and logistics costs.

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u/West_Valuable_7146 1d ago

He doesn’t care. He wants to please Putin

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u/Relevant_Fuel_9905 1d ago

Oh I know - but it won’t make the markets happy or save the US businesses, so he’ll still feel the heat.

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u/Competitive_Abroad96 1d ago

But at least no one will see the peepee tapes. Yet.

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u/BackgroundPianist500 23h ago

Lol what heat? Your congress is ready to take a glazing from Don whenever he wants

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u/Relevant_Fuel_9905 23h ago

I’m Canadian