Trump hit Canada and others with 25% tariffs on steel and aluminum earlier this week, a policy that’s set to take effect on March 12 after temporarily pausing 25% duties on all other Canadian imports earlier this month. Trump says the metals tariffs will be cumulative, which means some goods, such as steel and aluminum, could be hit with a whopping 50% tax.
There have been plenty of events on the premiers’ docket, including a party with North Dakota Republican Sen. Kevin Cramer and a meeting with White House deputy chief of staff for legislative affairs Jim Blair. On Tuesday, Ontario Premier Doug Ford talked to business leaders in front of the US Chamber of Commerce in DC, warning that tariffs will hurt American industry and reminding listeners that no one wins a trade war.
Will the premiers find any love? Their ultimate catch, of course, would be Trump himself – the man who can turn off the tariff taps with the stroke of a pen. Graeme Thompson, a senior analyst with Eurasia Group’s global macro-geopolitics practice, says that could be possible, but it may come at a cost.
“I think a permanent reprieve or exemption will come as part of a finalized USMCA negotiation,” says Thompson. “Everything right now is merely the prelude to that. The big question to my mind is what Ottawa will have to concede to get that deal.”
