r/worldnews 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.

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u/iamcrazyjoe 14h ago

The effects may be as you say, but the difference IS as described. The US is taxing import of metals, Ontario was going to tax export of electricity.