Well the tariff war continues to take worse turns for Canada. USD/CAD has jumped about 60 pips on the latest from Trump, which promises an additional 25% tariff on Canadian steel and aluminum on top of the 25% already scheduled for tomorrow.
Here is the tweet:
FWIW, there are almost no tariffs between Canada and the US under the USMCA but the facts don't matter in 2025. One exception is farm products, which the US subsidizes at extreme rates and were negotiated by Trump in the USMCA.
This announcement from Trump is hurting broad sentiment as well. It shows that he has no problems wrecking the market in a tariff war and isn't having second thoughts.
Canadian steel imports can be replaced, though not by Mexico which is also subject to 25% tariffs. Aluminum is a big problem though. It's extremely energy-intensive and half of US imports come from Canada.
This article was written by Adam Button at www.forexlive.com.Hence then, the article about trump adds additional 25 tariff on canadian steel and aluminum was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Trump adds additional 25% tariff on Canadian steel and aluminum )
Also on site :
- Pedestrian killed on 101 Freeway in Calabasas-Agoura Hills area
- Certis and FieldAI Form Strategic Partnership to Deploy Autonomous Robotics in Real-World Security Operations
- AI agents that do your work while you sleep sound great. The reality is far messier—‘it’s like a toddler that needs to be overseen’