Besides matching America’s 25 percent tax on imported steel and 10 percent tax on aluminum, Canada will soon levy similar taxes on popular products such as chocolate bars, mayonnaise, whiskey, sailboats, washing machines, maple sugar and strawberries.
Dustin Denison has resigned himself to paying more for ductwork, registers, fittings and just about everything else containing steel that Applied Energy Innovations uses daily.
Hiroshige Seko, Japan’s minister of economic trade and industry, has said the U.S. decision to impose tariffs could disrupt the world’s markets for the two metals.
Officials with the European Union say it looks increasingly unlikely that they will be able to reach an agreement with the White House to permanently exempt the 28-nation bloc from the steel and aluminum tariffs.
Allies have been pressing U.S. officials to make the tariff exemptions permanent — a move the White House has resisted as it continues to seek an updated North American Free Trade Agreement.