Canada promises a swift response to the 25 percent US tariff hike on steel and aluminum imports, escalating trade tensions.
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00:00The Canadian government says it will retaliate a clear and collaborative way to the latest
00:06tariffs announced by President Trump after he confirmed he is imposing a 25% import tax
00:13on steel and aluminium entering the U.S. from the 12th of March.
00:19Canada is the top exporter of both metals to the U.S., but Trump believes these policies
00:25will help protect jobs and industries stateside, even if it raises prices for the ordinary
00:31Americans.
00:32Benji Hyer has this report.
00:35Donald Trump had the swipe of a pen once again inflicting sweeping changes on the U.S. economy
00:41and that of its rivals and allies.
00:44It's 25% without exceptions or exemptions and that's all countries no matter where it
00:49comes from, all countries.
00:51If made in the United States, however, United States of America, there is no tariff, zero.
00:58So if it's made in the United States, there is no tariff.
01:02All you have to do is make it in the United States.
01:05We don't need it from another country.
01:07Amongst the hardest hit, America's neighbour to the north.
01:10Canada exports over the border six million tonnes of steel products and more than three
01:16million tonnes of aluminium products per year.
01:19That's more than every other country combined.