How tariffs on Canadian steel and aluminum could impact your wallet [Video]

ALL RIGHT, JASON, THANKS. TOMORROW MORNING, THE TRADE WAR BETWEEN THE U.S. AND CANADA IS EXPECTED TO HEAT BACK UP. THIS MORNING, PRESIDENT TRUMP SAID THAT HE WILL DOUBLE THE TARIFFS ON CANADIAN STEEL AND ALUMINUM. AND THIS WOULD BUMP THEM FROM 25% TO 50%. IT’S RETALIATION FOR ONTARIO’S NOW CANCELED 25% SURCHARGE ON ELECTRICITY EXPORTS TO THREE U.S. STATES NEW YORK, MINNESOTA AND MICHIGAN. HAD IT CONTINUED, IT WOULD HAVE DIRECTLY IMPACTED 1.5 MILLION AMERICANS, AND THESE STEEL TARIFFS COULD DIRECTLY AFFECT U. WVTM 13 ERIN LLEWELLYN SPOKE WITH ECONOMISTS TODAY ABOUT WHICH SPECIFIC PRODUCTS COULD SEE A PRICE HIKE. A LOT OF UNKNOWNS COME WITH THE INCREASED TARIFFS ON ALUMINUM AND STEEL. BUT WHAT WE’RE SEEING IS THE TIP OF THE ICEBERG. THERE’S NEGOTIATIONS GOING ON THAT IS THAT ARE DESIGNED TO RESTRUCTURE THE RELATIONSHIPS BETWEEN CANADA AND MEXICO. ON TUESDAY, TRUMP THREATENED TO RAISE STEEL AND ALUMINUM …