Trump vows to double tariffs on steel and aluminum from Canada even as markets continue slide

Politics and GovernmentPolitics and Government

Tue, March 11, 2025

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Trump vows to double tariffs on steel and aluminum from Canada even as markets continue slide

^{Published on 2025-03-11 10:42:14 - MSN}

Less than a day after American stock markets had their worst one-day performance in years as a result of President Donald Trump's continued push to raise import taxes on goods from America's biggest trading partners, Trump said he was doubling down on ...

Donald Trump has pledged to double tariffs on steel and aluminum imports from Canada if he wins the 2024 presidential election, a move that could further strain relations with one of the United States' closest allies. This announcement comes amidst ongoing market volatility, with major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all experiencing declines. Trump's proposal aims to protect American industries but has raised concerns about potential retaliatory measures from Canada and the broader implications for global trade relations. Critics argue that such tariffs could lead to increased costs for U.S. manufacturers and consumers, potentially exacerbating economic tensions at a time when markets are already facing significant challenges.

Read the Full MSN Article at:
[ https://www.msn.com/en-au/politics/government/trump-vows-to-double-tariffs-on-steel-and-aluminum-from-canada-even-as-markets-continue-slide/ar-AA1AH7aP ]

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