President Donald Trump is doubling down on tariffs on Canadian aluminum and steel, announcing an additional 25% tariff on those metals imported from our neighbor to the north.
“I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump posted on Truth Social.
The 50% tariffs, which are set to take effect on Wednesday, caused another big sell-off on Wall Street.
And some local businesses say they are already feeling the impact.
Trump 50% Tariff
Local perspective:
Lance Thrailkill is the CEO of All Metals Fabricating in North Texas.
The company fabricates parts used by hundreds of companies across the country – from household product parts to parts for tech corporations like Ericsson and AT&T, and even parts for wind turbines that produce energy.
Thrailkill buys his metals from American distributors who source metals …