Trump says he is planning to double the tariffs of steel and aluminum

US President Donald Trump said he would double the definitions of steel and aluminum imports to 50 percent next Wednesday.

Trump initially announced steel enhanced duties during a march at the US Valley Valley Factory, near Pittsburgh, on Friday evening. He told a crowd of steel workers that the increasing fees “will secure the steel industry in the United States.”

“No one will wander,” Trump said.

In a post on social media after the gathering, Trump said he would increase the customs tariffs on aluminum to 50 percent.

“Our steel and aluminum industries are returning as it has not happened before,” he wrote. “This will be another big tremor of the great news for our wonderful steel and aluminum workers. Make America great again!”

The Prime Minister’s office did not immediately comment.

The United States for the first time imposed definitions on steel and aluminum from Canada in March. Canada is the largest steel supplier of the United States, representing approximately 25 percent of all imports in 2023. About a quarter of all steel used in America is imported.

Trump said on Friday that he was thinking about a 40 percent tariff, but he said that the “group” wanted to be 50 percent.

With the increased duties with the Trump tariff, the government price index found that the price of solid products increased by approximately 16 percent.

The Canadian Working Conference, the head of the Canadian Working Conference, said that Trump’s plan to double the steel and aluminum definitions is “another direct attack on Canadian workers and a reckless movement that will send shock waves across the Canadian economy.”

“This decision will be closed to us completely outside the United States market, destroys the steel and aluminum industry in Canada and threatens thousands of Canadian jobs with good wage,” said Brosky.

Prosky said that in light of the escalating threat, Canadian unions call for immediate government measures to protect workers. This includes emergency reforms for employment insurance and wage subsidies.

“We need a government ready to defend Canadian industries, invest in good union jobs, and protect our economic sovereignty in the face of the growing international uncertainty,” said Brosky.

Candendes Ling, president and executive director of the Canadian Chamber of Commerce, said in a statement that the relaxation of “supply chains across the effective, reliable and reliable boundaries in steel and aluminum” at a great cost to both countries. “

Ling said that in 2018 under the last round of aluminum tariffs, there was a clear important loss in America.

She said: “Double the tariff of steel and aluminum to 50 (per cent) is an equation for economic security in North America.” “The truth remains that Canada is a reliable and safe commercial partner that provides materials that maintain American jobs.”

Economists said that the customs tariff for steel and aluminum during the first Trump administration was expensive for American companies and consumers.

Trump used the powers of national security to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports in March 2018.

Almost a year later, the White House announced a deal that was reached an agreement to prevent “mine” in steel and aluminum supplies from Canada and Mexico, and ending the commercial conflict.

A report issued by the Washington -based Tax Corporation during that time said that companies were forced to pay higher prices and that the duties led to the loss of about 75,000 jobs in manufacturing.

The Peterson International Economy Institute found that every job provided in steel-producing industries came at a high cost for consumers-approximately 650,000 USD per job.

The Canadian steel industry warned of the return of Trump’s tariff that would restore the disturbance and damage seen in 2018. There were also losses in jobs and the stopping of production in Canada.