Canadian businesses already feeling impact of Trump’s tariff threats
President Trump threatens 25% tariff for Canadian steel and aluminum import from March 12. Business in Canada already feels consequences.
The United States and Canada are negotiating with 25% of President Trump Tariff offer on Canada Steel and aluminum import. Tariffs have not started yet, but some Canadians have processed higher prices every day.
“People who live in Canada can now not travel anywhere outside Canada, because our money is almost useless,” said Canadian resident.
And there are different opinions on whether the trump card will pass through its threats.
“I don’t think it will happen,” Paul Daton said in Canada. “So I think it’s just threatening and I’m scared.” But others are angry. “I think it’s stupid in its half. I think it’s stupid. I think he’s an idiot, “said Lyons.
The Canadians hope for a better agreement between President Trump and Prime Minister Trudo. (KAILEY SCHUYLER / FOX News)
It’s only everyday people who are worried. Business already harms the concerns about tariffs. The products are stuck on the border and the orders between the countries are terminated.
“Our American distributors have not been able to take over the goods they have commanded from us.” The owner of Rahim Molu, the owner of the Toronto Conquest steel. “We are focusing on trying to redistribute the inventory that was a Canadian market and provided a Canadian market at a slightly cheaper price.”
Toronto steel company already loses business (KAILEY SCHUYLER / FOX News)
Business is slowing down, so Moloo cuts working hours.
“We have to close our night shift and temporarily walk around the day,” Molu said.
Molu says some Canadian distributors have put new American orders. President Trump says that Americans will not feel the pain of tariffs for a long time, but the General Director of the Toronto Regional Council says that the United States is gaining a good profit from Canada.
“I think they are really difficult to understand the fact that we know that there were neighboring countries. Our economies have invested $ 500 billion in Canada, “the United States said the General Director of the Toronto Regional Council.
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In the first term of President Trump, he imposed such tariffs, but received privileges. This time around Trump says no exceptions and Canadian leaders are Fight backA number
“If it comes to that our response will be strong and simple,” said Justin Trudad, the Prime Minister of Canada.
Most of the steel and aluminum import comes from Canada, Mexico and Brazil. (KAILEY SCHUYLER / FOX News)
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According to the US Department of International Trade, the United States has imported more than $ 7 billion in steel. Canada will cut 25% tariffs on goods worth $ 155 billion if it goes forward.
“What have we done to be worthy of it? And what did the American leaders do to be worthy of it, because you will be able to see that there is possible mass switches in the US highway and other areas? “Saidson said.
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At the moment, the tariffs are planned to enter into force On March 12A number
“We can be friends. Not enemies, “said Joanne Tea, a Canadian resident.
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