I’m having trouble following Carney’s logic here. I thought Orange Man was bad for hiking tariffs, and here we are doing exactly the same thing. As far as I can tell, these tariffs don’t apply to the US but to a host of countries that presumably we were supposed to establish new relationships with in order to offset the trouble we have with the US. Can someone tell me what in blazes is going on?
A 50% tariff will apply to imports from these countries that surpass the 2024 volumes, though Canada will honor existing arrangements with its United States-Mexico-Canada Agreement trade partners, Carney said.
Canada will implement additional tariffs of 25% on steel imports from all countries containing steel melted and poured in China before the end of July.
Related, from Kate: I’m old enough to remember Carney asking when was the last time you bought steel. Boy genius eh.