Trump Doubles Steel and Aluminum Tariffs: Job Losses and Price Hikes Loom

President Trump's surprise tariff hike on aluminum and steel imports has sent shockwaves through the US and Canadian economies. The move, which doubles tariffs to 50%, is expected to trigger a surge in prices for various consumer goods. Marty Warren, Director for Canada at United Steelworkers, warned that a 50% tariff would "completely shut us out of the U.S. market." He characterized the move not as trade policy but as a direct attack on Canadian industries. The union expressed deep concern over the potential loss of thousands of jobs in both countries. Meanwhile, President Trump has issued an ultimatum to other countries, demanding they submit significantly improved trade deal offers by the day's end to avoid facing reciprocal tariffs. The legal ramifications of the tariff hike remain unclear, with the potential for a Supreme Court challenge looming.