Some steelmakers in Canada and Mexico are telling customers that they are refusing new orders to the US on concerns that President Donald Trump soon will reimpose duties.
Trump this week signaled plans to impose previously threatened tariffs of as much as 25% on Mexico and Canada by Feb. 1. While the two countries are exempt from a sweeping 25% steel tariff the US imposed during the first Trump administration, there’s increasing concern in the industry that the metal won’t receive a carve out.
By way of Bloomberg / Yahoo Finance