Canada, Mexico and Brazil will be hit the hardest by President Donald Trump‘s steel tariffs, as America’s biggest steel exporters.
Newsweek has contacted finance departments for Canada and Mexico, as well as Brazil’s Ministry of Foreign Affairs, via email, for comment.
Why It Matters
Tariffs are a main focus of Trump’s economic and foreign policy—he has already implemented 10 percent tariffs on all imports from China.
He had also announced tariffs against Canada and Mexico, but their implementation was delayed by a month after negotiations with Mexican President Claudia Sheinbaum and Canadian Prime Minister Justin Trudeau.
But Canada and Mexico will be hit the hardest by Trump’s Sunday announcement of 25 percent tariffs on all steel and aluminum imports to the U.S.
What To Know
Speaking with reporters on Air Force One, Trump said: “Any steel coming into the United States is going to have a 25 percent tariff.”
The U.S. is the world’s second-largest steel importer, with …