Trump To Impose 25% Tarrifs On Steel and Aluminum

[Economy 52,835]

https://www.bnnbloomberg.ca/investing/commodities/2025/02/10/trump-imposes-25-tariffs-on-steel-aluminum-live-updates-here/

 

Trump is going to impose 25% tarrifs on steel and aluminum just like he did in his last term.

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My opinion: 

 

Go for it. Canada will still sell a lot of it even with tarrifs because Quebec where most of it comes from is highly competitive in it because they have really cheap hydro power (steel manufacturing requires a lot of energy)

 

The US raisijg steel prices will hurt manufacturing competitiveness by raising imput costs along with the loss of manufacturing from retalitory tarrifs hurting exports

 

Its one thing to put tarrifs on finished goods which theres debate on how much net positive impact it has vs negative... but when u tarrif raw materials and resources thats universally agree upon that its just plain stupid

[Economy 52,835]

@Morphine Prince was very surprised u hadnt already posted this

[Morphine Prince 109,645]

Just now, Economy said:

@Morphine Prince was very surprised u hadnt already posted this

Of course he’s doing this. 

Just waiting for prices to rise. 

[PartySick 172,385]

1 hour ago, Morphine Prince said:

Just waiting for prices to rise. 

Grocery prices have gone up quite a bit in like the last week and a half beef is a whole $1 more a pound, most of the veggies I buy have gone up a solid 30% or more.

I know this thread is about steel but this dude's about to starve us all.

[Bonkers 30,860]

26 minutes ago, PartySick said:

Grocery prices have gone up quite a bit in like the last week and a half beef is a whole $1 more a pound, most of the veggies I buy have gone up a solid 30% or more.

I know this thread is about steel but this dude's about to starve us all.

The only good thing about high food prices is I love seeing him fail.

The 50 cent per-egg-surcharge at Waffle House made me laugh so hard. 

As for Canada's automotive industry, I say revamp the factories and have them making pre-fab homes.  That's what we need in Canada, more homes.  Make products that stay here and lower the cost of living here.

[Economy 52,835]

2 hours ago, PartySick said:

Grocery prices have gone up quite a bit in like the last week and a half beef is a whole $1 more a pound, most of the veggies I buy have gone up a solid 30% or more.

I know this thread is about steel but this dude's about to starve us all.

Prices rising in Canada too. Although we havent formally retaliated with any tarrifs yet since they were put on hold, the falling currency affects everyday imports

 

Theres little Canadian alternatives at the grocery store in the winter and the US provides more food for Canadians than any other Country