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Trump’s tariffs on Canadian steel, aluminum now in place [Video]

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Canadian Economy and Markets

WASHINGTON — The latest move in U.S. President Donald Trump’s plan to realign global trade came into force Wednesday as all countries, including Canada, were hit with 25 per cent tariffs on steel and aluminum imports into the United States.

The president’s executive order went into place at 12:01 a.m. ET. It removes the exceptions and exemptions from Trump’s 2018 tariffs on steel and aluminum, which eventually excluded Canada and other countries from the duties.

The latest levies came into force hours after the White House confirmed Trump would not follow through on Tuesday threats to double tariffs on Canadian steel and aluminum after Ontario agreed to pause a surcharge on electricity exports to the U.S.

U.S. Commerce Secretary Howard Lutnick and Ontario Premier Doug Ford spoke by phone Tuesday. Ford removed a 25 per cent surcharge on electricity exports to three U.S. states in return for the lowered duties …

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