Articles on steel tariffs

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Foreign goods wait to be unloaded at the Port of Los Angeles. AP Photo/Nick Ut

What is a tariff? An economist explains

President Trump recently imposed steep tariffs on foreign steel and aluminum. An economist explains what they are, how they work and why they matter.
Former U.S. president Richard Nixon is seen here with Pierre Trudeau in Ottawa in 1972. Nixon was bitterly opposed to Canada’s Auto Pact moves 50 years ago, saying Canada had cheated at the expense of American jobs and investment. He refused calls to exempt Canada from an import surcharge. (THE CANADIAN PRESS)

Why Canada shouldn’t always count on special treatment from the U.S.

U.S. President Donald Trump has exempted Canada, for now, from hefty tariffs on steel. An increase in defence spending would likely stand Canada in greater stead with the president.
Bush, seen here in 2006, revoked his steel tariffs less than two years after imposing them in 2002. Reuters/Jason Reed

George W. Bush tried steel tariffs. It didn’t work

President Trump slapped steep tariffs on steel imports, echoing protectionist measures taken by Bush in 2002.
A welder fabricates a steel structure at an iron works facility in Ottawa on March 5, 2018. U.S.President Donald Trump’s stated intention to impose new tariffs on steel and aluminum imports could start a trade war. THE CANADIAN PRESS/Sean Kilpatrick

Canada can’t win a trade war with the United States

Ottawa seems utterly unprepared for a trade war with the United States. The recent federal budget upholding equity values is noble, but won't mean a thing if the government runs out of cash.

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