Trump Raises Steel Tariffs
Digest more
This week’s ruling blocking many of the president’s tariffs will not lift those on Canadian cars, steel and aluminum. A trade expert explains what’s next.
Experts, lawmakers, and industry people—alongside Canadian officials—have issued stark warnings about Trump's plan.
The USD/CAD exchange rate has crashed this year as the US dollar index (DXY) has plunged from $110 earlier this year to $99. It has dropped from 1.4790 on February 3 to the current 1.3738. Canadian economy at risk amid Trump steel tariffs The USD/CAD pair retreated on Friday as investors remained concerned about the trade relations between the US
Citing jobs at stake, the U.S. Ambassador to Canada believes the two countries will reach a trade agreement benefiting both nations in the near future.
U.S. senators meet Canadian Prime Minister Mark Carney to discuss trade tensions and strengthen bilateral relations, focusing on economic and defense priorities.
Explore more
In his election platform, Prime Minister Mark Carney said he expects as much as $20 billion in tariff revenue this fiscal year Share your thoughts and join the conversation in the comments.
David Paterson said he's hopeful that further progress in reducing those tariffs can be made by the time Trump and Carney meet at the G7.
President Trump's decision to double tariffs on steel and aluminum imports has sparked concerns in Canada, with warnings of mass disruption to supply chains. The Canadian Steel Producers Association urges immediate retaliatory measures to protect domestic markets.