In 2024, President Donald Trump announced a plan to impose a 25 percent tariff on all steel and aluminium imports, amounting to about $50 billion. The tariffs will take effect on March 12, with no exceptions or exemptions, and will also entail reciprocal tariffs against countries imposing duties on US goods. Notably, about 25 percent of steel used in the US is imported, primarily from Canada, Brazil, and Mexico. Meanwhile, Canada is the largest aluminium supplier, contributing nearly 40 percent of imports, predominantly utilized in various sectors including automotive and aerospace.
On Monday, during a signing ceremony at the Oval Office, Trump announced the tariffs on foreign steel and aluminium were to be imposed without exceptions or exemptions.
Steel is an important material primarily used in construction, manufacturing, transportation and energy sectors due to its strength, durability and versatility.
Canada is by far the biggest supplier of aluminium to the United States. Between March 2024 and January 2025, it provided nearly 40 percent of US imports.
The tariffs are set to come into effect on March 12.
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