Washington
\nPresident Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada.
\nTrump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the US, but he did not specify which nations would be targeted, or if there would be any exemptions.
\n\u201cIf they charge us, we charge them,\u201d Trump said.
\nThe move marks another escalation in Trump\u2019s trade policy, which has already sparked retaliation from China.
\nCanada and Mexico are two of the US\u2019s biggest steel and aluminium trading partners.
\nThe UK does not import or export much steel to the US. However, trade body UK Steel said any US tariffs would be a \u201cdevastating blow\u201d to the UK industry.
\nSteel production in the US is heavily politicised. Some argue the country needs to be capable of producing enough high quality steel to supply its military in the event of a national emergency without relying on imports.
\nDuring his first term, Trump put tariffs of 25% on steel imports and 10% on aluminium imports from Canada, Mexico and the European Union.
\nBut the US reached a deal a year later with Canada and Mexico to end those tariffs, although the EU import taxes remained in place until 2021.
\nThose tariffs increased costs for car firms in the US as well as makers of fizzy drinks who use aluminium in their cans. These were then passed on to consumers, according a report from thinktank Tax Foundation.
\nSpeaking on board Air Force One, Trump said on Monday he would announce tariffs on \u201ceverybody\u201d for steel and aluminium.
\n\u201cAny steel coming into the United States is going to have a 25% tariff,\u201d he said.
\nLIVE: Trump to impose 25% tariffs on steel and aluminium
\nWhat are tariffs and why is Trump using them?
\nIn response, Doug Ford, the premier of the province of Ontario, accused Trump of \u201cshifting goalposts and constant chaos, putting our economy at risk\u201d in an online post. Canada\u2019s steel production is concentrated in Ontario.
\nCanadian political adviser Catherine Loubier said she believed Trump\u2019s threats were real, but said there could be a solution because of how connected the two economies are.
\n\u201cHundreds of thousands of jobs in the US are linked to the steel and aluminium input from Canada into the US economy,\u201d she told the BBC\u2019s Today programme.
\n\u201cI think there\u2019s a lot at stake and nobody\u2019s winning with these tariffs, that\u2019s for sure.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
Washington President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the […]<\/p>\n","protected":false},"author":2,"featured_media":460831,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":{"0":"post-460801","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world"},"yoast_head":"\n