Market uncertainty continues as Canada awaits U.S. tariffs on steel, aluminum
Mar 11, 2025 | 2:02 AM
WASHINGTON — Canada is steeling itself for more tariffs after U.S. President Donald Trump’s tumultuous trade agenda caused U.S. stock markets to fall further on Monday.
Trump has promised to lift exemptions on Wednesday and hit Canada with 25 per cent levies on steel and aluminum, bringing additional uncertainty to markets already being spun in circles by the president’s inconsistent tariff threats.
Trump launched a trade war against Canada and Mexico last week but paused parts of it days later in response to pleas from the automotive industry.
Trump signed an executive order last Thursday delaying until April tariffs on goods that meet the rules-of-origin requirements under the Canada-United States-Mexico Agreement on trade.
