Tariffs on steel and aluminum begin, Canada and EU impose reciprocal tariffs

Twenty-five percent tariffs on steel and aluminum imports to the U.S. began March 12. In response, Canada has imposed reciprocal tariffs on various U.S. products, and the European Union (EU) says it plans to do the same.

Canada has instated 25% tariffs on steel imports and has raised taxes on tools, computers and servers, sports equipment, display monitors, and cast-iron products. The EU says it will raise taxes on American bourbon, motorcycles, peanut butter and jeans.