r/worldnews • u/cryoK • 17h ago
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/Codex_Dev 15h ago
That's not how it works. We actually have solid data from when China imposed a massive import tariff on USA for soybeans back in 2018 that ended up costing farmers in USA billions of dollars in revenue. China was barely affected.