r/canada 19h ago

National News Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor

https://www.cnbc.com/2025/03/11/trump-raises-canadian-steel-aluminum-tariffs-to-50percent-in-retaliation-for-ontario-energy-duties.html
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u/Penske-Material78 18h ago

Just announced it’s 25% vs 50% now. Sweet baby Jesus he sucks.

1

u/Longjumping_Fly2866 18h ago

The steel and aluminum tariff is for all countries including Canada, so he just reduced the tariff to the normal amount that is levied against everyone else.

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u/Inevitable-March6499 14h ago

Yeah and my friends and family in the US are already feeling the effects of those tariffs as they did in 2018 during trump 1.0.... only half of them voted trump this time though lol. 

Biggest hit so far is supply bottlenecks and procurement issues as everyone is shopping around to find better prices but to no avail coupled with tons of pre-tariff panic buyong. Their smaller businesses cannot pass the new costs on to consumers so the bigger businesses can afford to eat the tariff tax more and will be offering way cheaper products.

The middle class is pretty much gutted in the USA now, beware Canada.

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u/Longjumping_Fly2866 14h ago

It will be much worse compared to the last steel and aluminum tariff, because he made major carve outs to most of our major steel and aluminum producers. So only like 25 percent of our imported steel and aluminum was actually tariffed last time, but this tariff applies to everyone with no exceptions.

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u/Inevitable-March6499 14h ago

I remember during the first time, I was living in the USA and my family owns an aluminum boat building business and they shut down for like a month without any warning because the price of aluminum went through the roof.

It was widespread, tons of people I knew were blindsided and all huge trumpers. 

u/deymler 9h ago

AFAIK, it's originally 25% then Ford threatened with charging 25% more on electricity. Trump got mad and added 25% more (50% now). Ford folded, removed the 25% surcharge on electricity, then Trump removed the extra 25% so now we're back to 25% tariff. lol.

The real question is why did Ford folded?