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Trump Plans 25% Tariffs on Canada, Mexico Steel Imports Starting February 1
President Donald Trump is reportedly preparing to impose tariffs of 25% on steel imports from Canada and Mexico, effective February 1, as part of a broader strategy to gain leverage in upcoming trade negotiations. Additionally, Trump has proposed 10% tariffs on Chinese imports and threatened 200% tariffs on Mexico's auto industry. Canada and Mexico, two of the largest suppliers of steel to the United States, have responded with caution, with several steelmakers refusing new orders from U.S. buyers due to uncertainty over the tariffs. The move comes amid concerns that the tariffs could disrupt the highly integrated North American supply chain, particularly in industries such as automotive manufacturing. Analysts suggest the tariffs may also be aimed at addressing trade deficits, including Canada's, and exerting pressure on Canada and Mexico ahead of a potential renegotiation of the United States-Mexico-Canada Agreement (USMCA). Observers have noted that the proposed tariffs could violate existing trade agreements and World Trade Organization rules, raising questions about their long-term feasibility.