Canada not Exempt from Steel and Aluminum Tariffs

Canada will not be exempt from steel and aluminum tariffs according to the White House.

The Trump administration said that no country will be exempt from the tariffs.

A final announcement is coming next week.

George W. Bush put a similar tariff in place in 2002, that didn’t cripple Canada's economy.

The trade relationship of the United States with Canada is the second largest in the world after China. In 2016, the goods and services trade between the two countries totaled $627.8 billion. U.S. exports were $320.1 billion, while imports were $307.6 billion.