News Analysis
A week after Canada was granted a pause on a broad 25 percent tariff, U.S. President Donald Trump wasted no time on his next target, slapping a 25 percent surtax on all steel and aluminum imports.
Canadian industry groups, who are the highest exporter of the two products to the United States, say the measure will be very disruptive and that efforts should be instead concentrated on countries like China that flood the market.
Trump’s rationale for imposing 25 percent tariffs on all steel and aluminum imports is the same as during his first term. He says the United States is impacted by cheap steel and aluminum, which undercuts domestic manufacturing and causes a national security issue….