US Commerce chief says nothing will stop metals tariffs, will add copper protections
reuters.com/markets/us/us-commerce-chief-says-nothing-will-stop-metals-tariffs-will-add-copper-2025-03-12/
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US Commerce chief says nothing will stop metals tariffs, will add copper protections
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theglobeandmail.com/business/article-metals-tariffs-bessent-canada/
Key FactsBessent signals possible talks with Canada over metals tariffs
Jul 31, 2025 · Reading time: ~45 sec.
Summary created with AI assistance · Source: theglobeandmail.com
Summary created with AI assistance · Source: theglobeandmail.com
- Scott Bessent told CNBC that Washington would negotiate with Canada over aluminum tariffs that may hit Ford particularly hard.
- In June, Donald Trump doubled U.S. tariffs on global aluminum and steel imports to 50 percent, citing national-security concerns.
- Ford said tariffs cost US$800 million in the second quarter, including a significant share from Canadian steel and aluminum.
- On July 31, Trump raised tariffs on Canadian goods outside USMCA to 35 percent; separate metals tariffs remained unchanged.
We will be negotiating with Canada on those.— Scott Bessent, U.S. Treasury Secretary, on CNBC, discussing tariffs on Canada that affect Ford and the U.S. auto sector
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