The United States Secretary of Commerce, Howard Lutnick, said that nothing will stop the expansion of 25% tariffs to steel and aluminum of President Donald Trump until the American national production is strengthened, and that Trump will add copper to commercial protections.
Lutnick also told the CNBC that at a meeting he has planned with the Prime Minister of Ontario, Doug Ford, he will seek to “lower the temperature” between the United States and Canada, but that he will wait for Mark Carney to assume as Canadian prime minister to negotiate on commerce.
“So I think it’s just to level things, make sure we know each other, and then we will negotiate with all Canada,” Lutnick said about the meeting with Ford.
Tariffs imposed by the United States for Imported Steel and Aluminum entered into force this Wednesday at a time of growing uncertainty in the markets due to the changes of course of the Donald Trump government in its commercial policy, especially engaged in commercial disputes with Canada, also caused the reprisal measures of the EU and the anger of China, which promises to do what is “necessary” to defend their interests.
25% tariffs on steel and aluminum imported to the US began as soon as they spend midnight without exceptions and will mainly affect Brazil, Mexico, South Korea and Vietnam, in steel; Already United Arab Emirates, Russia and China, in aluminum.
The most affected will be Canada, an important origin of both imports from both metals, and with whom Tuesday Trump maintained a pulse due to the rise in energy prices by the province of Ontario.
Canada is the largest foreign steel and aluminum supplier in the United States. “We will not stay with crossed arms while our emblematic steel industries and aluminum are unjustly attacked,” Leblanc said. He added that Canada will adopt a dollar reprisal strategy.
Canada’s reprisals are directed to steel products worth 12.6 billion Canadian dollars and aluminum products worth 3,000 million Canadian dollars, as well as additional imported goods worth $ 14.2 billion of Canadian dollars, which adds a total of 29.8 billion dollars. They will enter into force at 00:01 (04:01 GMT) on Thursday.
The products affected by Canada’s counterpoints include computers, sports equipment and cast iron products, Leblanc said at a press conference. These retaliation tariffs are added to tariffs on US goods worth 30,000 million Canadian dollars that Canada initially imposed on March 4 in response to broader Trump tariffs.
With agency information.
Do you like photos and news? Follow us on our Instagram
Follow the information about the world in our international section
