Canada announces $21B in new US tariffs as trade war heats up
O’Leary Ventures President Kevin O’Laine analyzes President Donald Trump tariff struggle with Canada In
Canada was announced Additional tariffs of $ 21 billion against the United States The new 25% tariffs of US President Donald Trump are over steel and aluminum.
Canada is the largest foreign supplier of steel and aluminum for the United States
“Today I declare that the Canadian government, which follows after the dollar-dollar, tomorrow, 2025. As of March 13, 2025, 25% of mutual tariffs, importing $ 29.8 billion from the USA. ” “This includes $ 12.6 billion and aluminum products worth $ 3 billion, as well as $ 14.2 billion worth of additional imported US dollars.”
“The list of additional products affected by green tariffs includes computers, sports equipment and cast iron products as an example,” he continued.
25% Trump tariff on all steels, aluminum imports

Canadian Governor Mark Stone will be the next Canadian Prime Minister after winning the race of liberal leadership after winning the race. (ARTUR WIDAK / NURPHOTO VIA GETTY Images / Getty Images)
“We will not stand, while our illustrated steel and aluminum industries are unfairly directed,” Leblan added, according to CBC.
Trump On Wednesday, all 25% of steel and aluminum import tariff has enacted on Wednesday, the last step of the administration to transform global commercial norms in favor of US Production.
The action caused revenge on the European Commission, which announced immediately after Trump tariffs, which will be calculating tariffs for $ 28 billion in the next month.
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Dominique LeBla, the Minister of Finance and Intergovernmental Affairs of Canada in December 22444 at a news conference in Ottawa. (Kamara Morozuk / Bloomberg Getty Images / Getty Images)
“We regret that the 25% tariff of unjustified US steel and aluminum imports. The EU will defend its consumers and businesses, “the commission said. “We are starting a quick, proportionate reversal that costs ($ 28 billion), in accordance with the economic impact of US tariffs.”
Trump’s action American steel and aluminum manufacturers have a large amount of protection against 25% efficient global tariffs on all metals imports and spread hundreds of hundreds of landings made of metals.
The most affected countries of the tariffs are Canada, the largest foreign steel foreign supplier and aluminum to the United States. Brazil; Mexico; And South Korea, who has all enjoyed exceptions or a certain level of quotas.

Tuesday President Donald Trump called Canada “One of the highest tariffs in the world.” (Anna MoneyMaker / Getty Images / Getty Images)
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Most of the US-Canadian trade remains on duty under the trading deal, which was signed in 2020, but she continues to complain about high dairy tariff pace.
Fox Business’ Bradford Betz and Reuters contributed to this report.