Toronto Star
Toronto Star
February 10, 2025 at 10:04 PM
With U.S. President Donald Trump expected to sign new executive orders Monday imposing a 25 per cent tariff on steel and aluminum imports, industry experts say it will hurt businesses on both sides of the Canada-U.S. border, and push prices higher. “This will be purely inflationary,” said Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, of the tariffs Trump has threatened several times to impose. “This will make cars more expensive everywhere.” https://www.thestar.com/business/trump-s-steel-and-aluminum-tariffs-would-boost-inflation-hit-businesses-on-both-sides-of/article_2b55cb04-e7c2-11ef-bbec-3bc0f82bc5a9.html

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