Here’s the latest as Canada faces steel and aluminum tariffs from the United States
By Canadian Press on February 10, 2025.
OTTAWA — U.S. President Donald Trump said over the weekend he will formally announce 25 per cent tariffs on all steel and aluminum imports today, including for Canada and Mexico.
Here’s the latest news:
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10 a.m.
Conservative Leader Pierre Poilievre says that he would implement matching tariffs on American steel and aluminum if he was prime minister.
Speaking in Iqaluit, Poilievre says that money collected by counter tariffs would go back to Canada’s steel and aluminum industry, with any surplus used for broader tax relief.
However, when asked about high food prices in the north Poilievre says he’d put “every penny” collected by counter tariffs into lowering taxes.
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7:40 a.m.
The head of the Canadian Steel Producers Association says she is “deeply concerned” about the latest tariff threat by U.S. President Donald Trump.
The U.S. president said on Sunday that he will formally announce 25 per cent tariffs on all steel and aluminum imports into the U.S. on Monday, including those coming from Canada and Mexico.
Catherine Cobden, CEO of Canadian Steel Producers Association, says when Trump implemented tariffs on Canadian steel in 2018, there were massive disruptions that hurt both Canada and the U.S. She called on the Ottawa to act again to fight the threat and be ready to retaliate.
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6 a.m.
Canadian ambassador to France Stéphane Dion says Canada and European countries are working on a cohesive strategy to address tariff threats from the United States.
U.S. President Donald Trump said again Sunday that he wants to see Canada become a U.S. state, after being asked about Prime Minister Justin Trudeau’s recent comments saying that Trump is not joking.
Trudeau is in Paris to attend the global summit on artificial intelligence. Late Sunday evening following a dinner with French President Emmanuel Macron, Trudeau did not answer reporters’ questions about the Trump’s statements.
This report by The Canadian Press was first published Feb. 10, 2025.
The Canadian Press
22-21
Putting tariffs on US goods coming into Canada will be passed down to the consumer and although you state the tariffs collected will be passed on the the companies impacted, the beaucratic machine to peocess them will eat up 40% of those tariffs collected, and those companies will pass it on to the consumer, which is cost us!
Trump will be putting tariffs on Canadian based companies that have major US investment, partially or wholly owned by US companies, as well Japan, and other US ‘friendly’ countries. He will also bring the costs of those products in the US up, making the consumer pay, which will backfire and they will rise up against Trump.
We will never win in a trade war with the US and knowing how Trump punishes people who angers him, he will find other markets from other countries, and has already found solutions to replacing Canadian crude and natural gas, by keeping it domestic, as well as increase shipments from other countries the US is already receiving from.
Diplomacy and patience is needed! Trump is a wildcard that will not be counter-bullied, and has a long memory for those who challenge him, attack him, or try to gang up on him!
Canada will suffer major losses in a trade war with the US and it will do what Trump planned all along, bring Canada to its knees in an ‘economic war’ not a military war!