U.S. Commerce Secretary Vows Strong Tariff Protection

Commerce Secretary Howard Lutnick reaffirmed that President Trump's 25% tariffs on steel and aluminum will remain until U.S. production is bolstered, with copper soon to join the list. Lutnick plans to meet Ontario Premier Doug Ford to ease tensions ahead of potential negotiations with new Canadian leadership.

The persistent tariffs on steel and aluminum, as imposed by the Trump administration, will persist as indicated by U.S. Commerce Secretary Howard Lutnick. He emphasized the inevitability of these 25% tariffs until the strengthening of domestic production is realized. In a new twist, copper will also be subjected to these trade protections.

Lutnick revealed plans to hold discussions with Ontario Premier Doug Ford, in a bid to mitigate the existing strain between the two neighboring countries. His effort aims to 'lower the temperature' amidst the rising tensions over trade policies.

Furthermore, Lutnick stated negotiations on a national level will be postponed until Mark Carney fully assumes the role of Canadian Prime Minister. He expressed the importance of first establishing mutual understanding with Canadian entities before engaging in comprehensive trade talks.

(With inputs from agencies.)