U.S. President Donald Trump<\/a> announced Monday he will impose tariffs<\/a> of 25 per cent on steel and aluminum against multiple countries, including Canada, in his latest salvo of trade threats against other nations.<\/p>\n <\/p>\n It\u2019s not the first time, however, Trump has imposed such tariffs against Canada \u2014 in 2018, he imposed 25 per cent on steel and 10 per cent on aluminum. Those tariffs lasted for about a year.<\/p>\n Prime Minister Justin Trudeau has not commented yet on the proposed threat.<\/p>\n But as the tariffs come into effect, here\u2019s what you should know about Canada\u2019s trading relationship<\/a> of both products with the U.S.<\/p>\n \n\t\t\t\t<\/p>\n Canada is the number one exporter of steel to the U.S., according to data from the U.S. Department of Commerce, with about 566,000 metric tons<\/a> sent across the border last month alone.<\/p>\n Story continues below advertisement<\/p>\n<\/p><\/div>\n According to the Canadian Steel Producers Association, a total of $20 billion in trade<\/a> of steel between the two countries takes place annually with 40 per cent of imports coming just from Canada.<\/p>\n The U.S. Census Bureau via the American Iron and Steel Institute showed a total of 6.6 million net tons were imported from Canada into the U.S. just last year, with Brazil sending slightly more than four million and 3.5 million from Mexico.<\/p>\n \n\t\t\t\t<\/p>\n More than 9,500 aluminum workers live in Canada, according to the Aluminum Association of Canada<\/a>, working in an industry it says generates more than \u201c$200 billion in economic output in the U.S. economy alone.\u201d<\/p>\n The United States imports more aluminum than steel with roughly half of all aluminum coming from other countries. The majority of aluminum imported to the U.S. comes from Canada.<\/p>\n Story continues below advertisement<\/p>\n<\/p><\/div>\n Last year, Canada exported 3.2 million tonnes \u2014 twice the amount of the following nine countries combined, according to the U.S. Department of Commerce<\/a>.<\/p>\n The Aluminum Association in the U.S. notes about 90 per cent of U.S. scrap aluminum comes from either Canada or Mexico, noting it would take billions of dollars in investment over decades to make the U.S. \u201cfully self-sufficient for its metal needs.\u201d<\/p>\n\n\t\t\t\tHow much trade of steel is done with U.S.?\t\t\t<\/h2>\n<\/p><\/div>\n
\n\t\t\t\tHow much trade of aluminum is done with U.S.?\t\t\t<\/h2>\n<\/p><\/div>\n
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