Trump’s tariffs on aluminum and steel add uncertainty to the markets
Canada and Mexico are the main victims of a measure that undermines the North American common trade area
If anything has become clear in Donald Trump’s 50 days in office, it’s that his threats—especially regarding tariffs—aren’t always carried out. The 25% tariff on aluminum and steel imports did go into effect after midnight on Tuesday, Washington time. But it’s unclear, given what we’ve seen, for how long, or whether the time-consuming negotiations between his neighbors and main trading partners, Mexico and Canada, will succeed, as they have several times in recent weeks, in lifting them, or at the very least in delaying them. The tariffs will affect around $150 billion in imported consumer products, according to Bloomberg.
