In a significant development impacting international trade, former President Donald Trump announced on March 11 that he has directed the Secretary of Commerce to implement a **25% tariff** on all steel and aluminum imports from Canada. This new tariff is set to escalate the total tariff rate to an unprecedented **50%**, effective immediately the following morning. Such a substantial increase reflects ongoing tensions between the U.S. and Canada regarding trade practices and could have far-reaching implications for industries reliant on these metals. Analysts are closely monitoring how these tariffs may influence market prices and the broader economic landscape, particularly in sectors heavily dependent on **steel and aluminum**. Stakeholders in the **manufacturing** and **construction** industries should prepare for potential disruptions and consider strategic adjustments in sourcing materials as the tariffs take effect.
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