US President Donald Trump announced plans to raise duties on all steel imports to 50% — double the current rate of 25% — despite retaliation from Canada and other major trading partners.
Speaking at a US Steel facility in West Mifflin, Pennsylvania on May 30, Trump claimed that industry executives wanted a 25% increase, instead of 15%.
“At 25%, [trading partners] can sorta get over that fence…At 50%, nobody’s getting over that fence,” the president said.
The bombshell update comes after a federal appeals court poured cold water on the US Court of International Trade’s attempt to strike down the most sweeping of Trump’s duties.
SEE ALSO
• 76% of Canadian Companies Prepping for Recession Amid US Trade War: Survey
• Canada Unveils Suite of Business Relief Measures Amid Trump Duties
• Trump Tariffs Canada: Layoffs, Severance, and Employee Rights
Trump’s duties on steel and aluminum imports have already caused some companies, including Algoma Steel and MPG Canada, to scale back their staffing levels.
YOU HAVE RIGHTS! Check out our comprehensive blog on how US tariffs could affect non-unionized employees in Canada. You can also use our free Pocket Employment Lawyer to get real-time insights on your workplace rights.
At Samfiru Tumarkin LLP, we’ve helped over 50,000 clients secure fair severance packages — recovering millions of dollars for non-unionized employees across Canada.
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