If the US advances all the tariffs it threatens next month, there’s no way they’ll all be combined into one astronomical summation with each other, right? It’s wrong, the Trump administration says.
The White House said Tuesday that if all trade measures take effect in March, it would actually stack tariffs on top of the tariffs, reaching a majority of 50% on some items.
At this point, the US is threatening two actions. It has been a 25% global tariff on steel and aluminum since March 12, and until March 4, the threat of a 25% economy-wide tariff on Canada and Canada was also suspended. Mexico is working on border security transactions with both countries.
CBC News called for clarity from the White House on how these actions will work together. White House officials responded, “If the previous suspended tariffs are revived, they will stack up on each other, stacking 25% (plus) 25%.”
Meanwhile, US President Donald Trump is threatening more tariffs for a variety of reasons, including cars. Together, these threats suggest a penalty, so the more you look away, the more realistic this is, and what is intended to negotiate Trump’s leverage It inevitably promotes speculation about.
The US in particular is heavily dependent on Canadian aluminum, and tariff critics argue that it simply punishes US companies importing the products they need in the near future.
But Trump White House aides on Tuesday claimed that the US has real frustrations they are trying to deal with in the metals industry, and thinks tariffs are useful.
Peter Navarro said that while U.S. aluminum plants operate at about half the capacity, Canada is busy humming with its almost busy capacity. This action is designed to balance it.
He said previous exemptions from tariffs, including those given to Canada and Mexico in 2019, have not been resolved, and Trump is now imposing global collections.
“(We) the steel industry is on the knees. It’s flat on the aluminum back,” Navarro told Fox News.
“The president says there are no more national exemptions. There are no product exclusions.”
According to Navarro, it’s not just over-production in China and Russia that will damage US factories. “It’s all the friends and allies we treated specially, and instead of following those rules, they abused them.”
He particularly mentioned Brazil, Japan and Australia. When interviewers at Fox News raised Canada, Navarro began complaining about the Canadian government’s investments to upgrade the old Arcelo Mittaldo Fasco steel facility in Hamilton.
“Why are you so full of our markets,” Navarro said. “We need a strong defense industry to not only protect the United States, but also to protect allies like Canada.”
