President Trump’s 50% tariff will boost creativity of Canadian companies

1-Trump has gone completely crazy. Now, as the trade war escalates, he has announced that he will increase Canadian steel and aluminum tariffs to 50%.
President Trump cites Ontario’s recent 25% additional charge on electricity exports to the US as the reason for doubling the tariffs.

2- A 50% tariff means that Canada will no longer export to this country. In other words, it means opening the way for American companies. American companies will either buy steel and aluminum from other countries or find a new method. There is another method.

3- Canadian companies will export steel and aluminum through companies belonging to other countries, that is, through third parties and companies. This method will most likely come into play. If the USA needs steel and aluminum, this is why it must also provide easy access to these minerals for American companies. If Canadian companies cannot export, they will naturally look for another country to export to.

Leave a Reply

Your email address will not be published. Required fields are marked *