Business
Trump imposes 25 percent tariff on all foreign steel, aluminum imports

Quick Hit:
President Donald Trump announced Sunday that he will impose a 25% tariff on all foreign steel and aluminum imports starting Monday. Speaking from Air Force One, Trump said the tariffs will apply to all countries, including key U.S. allies like Canada and Mexico. He also plans to unveil reciprocal tariffs on trading partners within days.
Key Details:
- Trump’s tariffs target steel and aluminum imports from all nations, including top suppliers Canada, Brazil, Mexico, South Korea, and Vietnam. Canada is also the leading source of U.S. aluminum imports.
- This move is part of Trump’s broader trade agenda, which has included tariffs on China and previous levies on Canada and Mexico. His first-term steel and aluminum tariffs sparked tensions with allies but led to renegotiated trade agreements.
- Trump’s proposal for reciprocal tariffs could trigger global trade disputes. He plans to announce these new measures midweek, stating, “If they charge us, we charge them.” Critics warn such tariffs could violate World Trade Organization rules.
Diving Deeper:
President Donald Trump announced a sweeping 25% tariff on all imported steel and aluminum, reigniting trade battles that defined his first term. Speaking aboard Air Force One while traveling to the Super Bowl, Trump confirmed that the tariffs would take effect Monday and apply to “everybody,” including major U.S. trading partners.
“Any steel coming into the United States is going to have a 25 percent tariff,” Trump said. “Aluminum, too.”
The decision marks a sharp escalation in Trump’s ongoing trade strategy, which has already led to tariffs on China and threats against European nations, Taiwan, and other key trading partners. Trump’s push for reciprocal tariffs—set to be detailed later this week—aims to raise U.S. import duties to match those imposed by foreign nations on American goods.
The impact of Trump’s steel and aluminum tariffs will be particularly significant for Canada, the largest supplier of both metals to the U.S. Other top steel providers include Brazil, Mexico, South Korea, and Vietnam. Aluminum imports primarily come from Canada, followed by the United Arab Emirates, Russia, and China.
Trump’s decision mirrors actions taken during his first term when he imposed broad steel and aluminum tariffs, triggering backlash from allies. He later eased restrictions on Canada and Mexico after renegotiating trade agreements. The Biden administration subsequently reached separate agreements with the European Union, the United Kingdom, and Japan, allowing some of those trade barriers to be reduced.
It remains unclear whether Trump’s new tariffs will be in addition to those still in place or replace existing measures. Either way, the move is likely to spark further retaliation from foreign governments.
Trump’s aggressive stance on trade has already disrupted global markets in recent days with frequent tariff threats. His proposed reciprocal tariffs, set to be announced Tuesday or Wednesday, are expected to take effect “almost immediately” and could violate World Trade Organization commitments.
“Very simply, if they charge us, we charge them,” Trump said.
As Trump moves forward with his latest round of trade measures, the global economic response remains uncertain. What is clear, however, is that his trade agenda remains a central pillar of his economic policy, setting the stage for renewed tensions with key allies and trading partners.
Business
Investors Fleeing Green Energy Scene After Death Of Biden’s Freebies

From the Daily Caller News Foundation
By Audrey Streb
Investors have been pivoting away from the green energy industry since President Donald Trump won the 2024 election, according to data from BloombergNEF.
Green energy investments were down 36% — $20.5 billion — in the first half of 2025 as compared to the second half of 2024, according to BloombergNEF. While former President Joe Biden pushed for green energy technology through billions in government subsidies, loans and grants, the Trump administration has cracked down on intermittent energy sources like wind and solar and favored reliable energy sources like nuclear, coal, oil and gas.
“Investors aren’t fleeing renewables because of Trump, they’re fleeing because the free ride is over. For years, the industry survived on mandates, subsidies, and regulatory favoritism while delivering unreliable power at inflated costs,” Jason Isaac, CEO of the American Energy Institute, told the Daily Caller News Foundation. “Trump is simply restoring market fairness and ending the climate cartel’s grip on energy policy. If renewables can’t compete without billions in taxpayer handouts, that’s not a market, it’s a racket.”
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America has subsidized expensive, intermittent, and hazardous wind projects for over 30 years.
Under @POTUS, we are investing in RELIABLE energy sources that actually support our electrical grid!
— Secretary Doug Burgum (@SecretaryBurgum) August 24, 2025
Though green energy investments have grown globally, investors are drawing back in the U.S. due to the shifting political landscape, the firm stated. Developers rushed to lock in eligibility for green energy tax credits as part of Biden’s Inflation Reduction Act (IRA) at the end of 2024, according to BloombergNEF.
Trump campaigned against Biden’s climate agenda and push for green energy technology that he’s dubbed “the green new scam.” Now the One Big Beautiful Bill Act is phasing the tax credits out and Trump has moved to yank federal support for the wind and solar industry and railed against the green energy technology on numerous occasions, though the administration claims it is taking a realistic approach to the energy resources.
“What we’re doing is not ending renewables,” Energy Secretary Chris Wright told Politico on Aug. 19. “The previous administration thought wind, solar and batteries were going to power the world. They’re not going to power the world. So, you just got to look at them in a more realistic context.”
Trump has moved to halt several wind projects in the past several weeks, all while carving out more opportunities for oil and gas leasing on federal waters that Biden had severely minimized.
“Mirroring what Presidents Obama and Biden did to the fossil fuel industry, President Trump is using the regulatory process to make it more uncertain and difficult for investors in wind projects to earn financial returns. Congress couldn’t kill off the Green New Scam in the One Big Beautiful Bill Act, so President Trump is doing it on his own administratively,” Steve Milloy, senior fellow at the Energy & Environment Legal Institute told the DCNF. “This is perfectly fine as investor in the context of a wind project is just a euphemism for subsidy seeker.”
Bruce Dowbiggin
Where Carney’s Canada Now Stands : Elbows Up. Pants Down.

Our weekly Monday column is nominally a sports column. But sometimes we are lured by a sporting theme other than on the field. And with the capitulation of Mark Carney’s cringeworthy Elbows Up theme this week we can now safely reflect on the impact of the nation’s hockey obsession on tariff wars.
For those who don’t know by now, Carney’s Elbows Up meme popularized in cringeworthy commercials with actor Mike Myers was a reference to going into the corners with the legendary Gordie Howe. Legends abound on the lethality of Howe’s elbows that separated opponents from their senses. Thus, the message of Carney and Myers in Team Canada jerseys quoting Mr. Hockey was as simple as it was ridiculous.
Canada was going to go into the corner to separate Donald Trump from his tariffs? How? Carney has boasted of his hockey savvy as a goalie for Harvard. Where other nations were collapsing Carney’s Canada promised to be a stout backstop. 51st State? Hah! Locking arms with Myers and Doug Ford, Carney would show the Americans what Canadians are made of. At least that’s what they said in the election campaign to restore the Liberal brand to the nation.

The hockey theme was buttressed by the emotional victory by Team Canada over Team USA in February’s Four Nations Tournament. Having been filleted in the round-robin by the Yanks, Canada won the final game, reinforcing the nation’s dominance in a sport most Americans ignore 365 days a year. To those looking for any reason to anger Trump (hello, Andrew Coyne) it seemed like destiny for the Elbows Up crew.
As an example of the Team Canada approach Carney and his paid media wind therapists savaged Alberta premier Danielle Smith for trying build bridges with the Americans. Smith had the idea there was more to be gained from energy negotiations than from sulking. Traitor! They cried when she was seen with Trump. Consorting with the Cheeto was tantamount to selling nuclear secrets.
Elbows Up Canada, like China, would inflict counter tariffs on the U.S. after a decade of Justin Trudeau frippery. It would shut down the accusations that Canada was now a benchwarmer in global affairs. It never occurred to Team Carney or the Boomer midwits who elected him that launching a trade war against a nation whose economy was ten times the size of Canada’s might be a seriously bad idea. (Like hoping to wear down the Russian military.) Anyone pointing out this small problem was immediately denounced as hating hockey, ergo hating Canada.

To further illustrate his hockey pluck Carney’s backers bragged that the former head of the Bank of Canada and Bank of England was a skilled negotiator who would wipe the floor in negotiations with the erratic Trump. Nobody gets away with publicly declaring a post-Trudeau Canada as a failed state that should ally with the U.S. The Americans will come running to Canada when they want water, oil, aluminum, steel and maple syrup.
Then a funny thing happened. While Canada stood by, Zambonis running, ready to take it to overtime, the Americans simply ignored the taunts. Trump acted as if Elbows Up was a mirage. As trade deals were announced with other nations and international meetings convened, Carney’s Canada was left outside. In spite of the tough talk on tariffs, a blasé Trump whacked Canada with 35 percent tariffs.
The meme of Carney as a potted plant at the Ukraine White House summit came to epitomize the afterthought that is post-Trudeau Canada in this climate. Inspired by their allies at CNN, MSNBC, the New York Times and the Washington Post, Canada’s purchased media fought back with all their favoured/ debunked Russian conspiracy theories and stories of Trump’s alleged mental incapacities. To no avail.
At just the moment that embarrassment was too great for even Team Carney’s most fervent media pals, Trump last week summoned him like a call-up from the minors to be told how it was going to be. Suddenly the implacable Carney was declaring how swell it was that Canada had the best treaty in the world. Elbows Up had suddenly become Pants Down.
Of course the beaming banker acted as if it was all part of some master plan he’d worked out between periods of the game with USA. Sure, his bluster about going into the corners was all bluff, no stuff. The Master Negotiator thing was all a cover for him to reduce government spending, re-commit to the futile climate war and (don’t tell anybody) recognize Palestine as a state in the near future.
Sure. Go with that. Anyone wanting an apology from the Potted Plant will wait a long time for satisfaction. For while Liberals talk a tough game they don’t talk at all when they’re been exposed. Even more sepulchral are the media that so readily grabbed the Elbows Up hustle to defeat Pierre Poilievre. Remember the Little Trump jibes? The Sloganeer slurs? The riding defeat?
Now that Trump had blocked their righteous elbow with a right cross they’re acting as if nothing is wrong. They’re off chasing stories about Poilievre being parachuted into an Alberta riding or Trump with Jeffrey Epstein. They’re reviving the murdered Rez babies hoax. And they’re ignoring international concerns about money laundering and drug trafficking.
Anything but the utter futility of Elbows Up and the next four years of watching the decline of Canada’s formerly respected position in the world. In heaven Gordie Howe is just shaking his head.
Bruce Dowbiggin @dowbboy is the editor of Not The Public Broadcaster A two-time winner of the Gemini Award as Canada’s top television sports broadcaster, his new book Deal With It: The Trades That Stunned The NHL And Changed hockey is now available on Amazon. Inexact Science: The Six Most Compelling Draft Years In NHL History, his previous book with his son Evan, was voted the seventh-best professional hockey book of all time by bookauthority.org . His 2004 book Money Players was voted sixth best on the same list, and is available via brucedowbigginbooks.ca.
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