Canada Plans To Respond To Trump's 25% Steel Tariffs: 'Entirely Unjustified'

International Business Times

International Business Times

Summary

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U.S. President Donald Trump decided on Monday (local time) to impose a 25 percent tariff on steel imports from Korea starting March 12, effectively nullifying up to 2.63 million tons of the annual tariff-free quota that had been agreed upon between the two countries in 2018 during his first term.
The Korea Times
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The news sent industries reliant on steel and aluminum imports scrambling to offset an expected jump in costs.
The Gazette
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The moves align with the Trump administration's aggressive global trade agenda and ambitions to strengthen U.S. industry, but they could have an inverse effect.
The Independent
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The steel and aluminum duties follow blanket tariffs aimed at all goods from Canada, China and Mexico, with higher tariffs on China effective Monday and those on Canada and Mexico postponed for a month.
CNBC

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