Industry blasts Trumps tariffs on Canadian steel, aluminum [Video]

Rolls of coiled coated steel are shown at Ontario steelmaker Stelco in Hamilton, Ont. Steel crosses back and forth across the border several times, said Flavio Volpe, president of the Automotive Parts Manufacturers’ Association.

Peter Power THE CANADIAN PRESS file photo

U.S. President Donald Trump has signed executive orders imposing a 25 per cent tariff on both steel and aluminum imports, a move industry experts say will hurt businesses on both sides of the Canada-U.S. border and drive prices higher.

“This will be purely inflationary,” said Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, of the tariffs Trump has threatened several times to impose. “This will make cars more expensive everywhere.”

Josh Rubin is a Toronto-based business reporter. Follow him onTwitter: @starbeer.

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