President Trump has announced 25% tariffs against Canada and other countries that import steel and aluminum. "Any steel coming into the United States is going to have a 25% tariff. And aluminum too."
He said it would likely happen on Tuesday or Wednesday of this week.
It is not clear what financial impacts would occur should the tariffs stay in place. President Trump is adamant about keeping them in place. "If they are charging us 130% and we're charging them nothing, it's not going stay that way." he said today.
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