Canada has issued a strong statement condemning President Trump's decision to impose tariffs on all Canadian minerals and metals entering the U.S. The statement highlights the long-standing partnership between the two countries, emphasizing Canada's role as a reliable supplier crucial for American manufacturing and defense industries. The Canadian government argues that these tariffs are detrimental to both American national security and economic interests, disrupting essential resource flows and jeopardizing critical supply chains. The statement also urges Canadian authorities to address internal trade barriers, regulatory complexities, and tax policies that hinder economic growth.
, issued the following statement in response to the decision by President Trump to impose tariffs on all Canadian products destined tohas long been a dependable partner, providing certainty to U.S. manufacturing and defense industries by serving as a major supplier of minerals and metals. In 2022, 52% ofbillion—were destined for the U.S. The imposition of tariffs on Canadian minerals and metals products runs counter to American national security and economic interests.
MAC also urges Canadian governments to use this moment to address long-standing barriers to Canadian economic growth, including the removal of internal trade barriers, complex, expensive and lengthy regulatory processes and uncompetitive tax policies. It is time for all governments to double down to create the conditions for improved competitiveness, investment, productivity and prosperity.mining sector employs 694,000 people directly and indirectly across the country.
Trafigura is still chasing down the funds almost two years after news broke that it was on the hook for almost $600 million.
TRADE WAR TARIFFS MINERALS METALS CANADA USA
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