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‘Canada is not the problem’: Canadian official on new steel tariffs

CNN · 1 month ago
CNN
CNN
1 month ago

U.S. tariffs on steel and aluminum doubled from 25% to 50%, a move cheered by the beleaguered American steel industry but worrisome to sectors that heavily use the metals, from car makers to can manufacturers.

BreakdownGenerated by LeadStory AI
  • US tariffs on steel and aluminum imports have doubled from 25% to 50%.
  • A Canadian official warns the tariffs will raise costs for American consumers and threaten jobs. 7s
  • Canada imports about $30 billion of US steel annually and may retaliate with similar tariffs. 1m 28s
  • The official urges US-Canada cooperation to boost steel production and address Chinese steel imports. 47s
  • US industry groups support the tariff increase, but the Canadian official argues it could backfire. 2m 46s
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Global Tariffs

Donald Trump has signed an order to impose tariffs imports into the U.S. from countries including China, Mexico and Canada.