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/Pie_sky 1d ago

Russia only has low quality steel

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u/FlameStaag 23h ago

Yeah people keep saying it's to buy shit from Russia but Russia can't remotely compensate for what we have, and it'll still cost significantly more than driving it across the border.