Your current location is:{Current column} >>Text
The United States confirms a 25% tariff increase on steel and aluminum, applying pressure to Canada.
{Current column}8People have watched
IntroductionThe White House confirmed on March 11 that the 25% tariffs on steel and aluminum will take effect at ...
The Cross-border e-commerce platform ShopeeWhite House confirmed on March 11 that the 25% tariffs on steel and aluminum will take effect at midnight as planned, and no trading partners will be granted exemptions. President Trump stated that an additional 25% tariff will be imposed on all steel and aluminum products from Canada, bringing the total tariff for these products entering the U.S. from Canada to 50%. This policy will take effect on the morning of March 12.
Trump's decision is in response to a 25% electricity tax policy implemented by the Government of Ontario, Canada, which requires a 25% tax on electricity exported to the United States. However, shortly after Trump announced this policy, reports emerged that the U.S. had not yet signed the formal documents to impose the tariffs.
Ontario Premier Doug Ford had a conversation with U.S. Secretary of Commerce Wilbur Ross, indicating a willingness to abandon the 25% charge on electricity exports to the U.S. Nevertheless, Trump remains firm on imposing the 25% tariffs on steel and aluminum products from Canada and all other trade partners, with no exceptions or exemptions. White House spokesperson Sarah Huckabee Sanders confirmed in a statement that the tariffs would take effect as scheduled at midnight, March 12.
Risk Warning and DisclaimerThe market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.
Tags:
Related articles
Musk threatens to reassign NPR Twitter account, NPR says By Reuters
{Current column}(Reuters) - Twitter chief Elon Musk has "threatened" to reassign National Public Radio's Twitter acc ...
Read moreIs FXCM Forex Broker Legit or a Scam? A Detailed Review
{Current column}In the vast ocean of financial markets, choosing a reliable and legal forex broker is one of the key ...
Read moreAre HFM Forex brokers regular and compliant?
{Current column}FTI's top 100 forex brokers you can refer to for selection. If it is not in the top 100, you sho ...
Read more
Popular Articles
- US debt ceiling bill set for tight vote in House on Wednesday By Reuters
- A Complete Overview of INFINOX: Is It a Scam or Legit?
- Is Markets.com Forex Broker Legit or a Scam? A Detailed Review
- Is XM Forex Broker Legit or a Scam? A Detailed Review
- Dollar edges higher, yen slumps after dovish BOJ meeting By
- A Complete Overview of Ridder Trader: Is It a Scam or Legit?
Latest articles
-
SoftBank books narrower loss after Alibaba stake sell
-
Is AxiTrader Forex Broker Legit or a Scam? A Detailed Review
-
What about best leader?
-
Should You Trust FxPro Forex Broker?FxPro Review
-
4 big analyst picks: Snap gets a fresh upgrade; a big day for Tencent Music By
-
A Complete Overview of IG: Is It a Scam or Legit?