MenuIn a far-reaching move set to take effect on March 4th, President Donald J. Trump imposed a 25% tariff on all foreign imports from Canada, a close ally and the US’ largest energy trading partner, as well as on Mexico.
Additionally, a 25% tariff was announced on imported steel and aluminum. Canada is the largest supplier to the U.S. for both. Aluminum and steel are vital for many products, including energy infrastructure components. Canada, understandably, is not pleased. Ottawa signaled that “everything is on the table” in response, potentially including cutting off energy supplies. Given Canada’s central role in U.S. energy security, imposing further tariffs could lead to volatility in American energy markets, price increases, and a broader reshaping of geopolitical alliances.
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