Trudeau announced a 25% tariff on steel and aluminum. Justin Trudeau says he will impose 25 per cent tariffs on steel and aluminum from China because Canada is suffering huge losses from China selling these metals around the world at such low prices.
Trudeau posted on the social media platform that Canadian workers are harmed by China’s unfair trade practices and that is why we are taking action. Effective immediately, a 25% tariff will be imposed on Chinese steel and aluminum imported into Canada.
Let us tell you that during Donald Trump’s term, a trade war broke out between the United States and China. Not only that, Trump also began to impose a separate 10% tax on $200 billion worth of goods from China. The products on which Trump took this action include approximately 6,000 products.
Let me tell you, the United States is holding a presidential election in a few days, and Trump has once again made China an issue during the campaign. Due to Trump’s remarks, many people have expressed concerns that if he becomes president of the United States again, a trade war between China and the United States may break out again.