Trump to double tariffs on Canada steel, aluminium to 50 per cent
Donald Trump has doubled tariffs on Canadian steel and aluminum imports to 50% in retaliation for Ontario's 25% tariff on US electricity. The former president announced the increase on Truth Social, directing his commerce secretary to implement the new tariff starting Wednesday. He also demanded Canada eliminate its existing tariffs on US dairy products.
Trump further threatened to impose significant tariffs on Canadian cars entering the US if Canada doesn't drop other long-standing tariffs. He also mentioned plans to declare a National Emergency on Electricity within the affected region, escalating the trade dispute between the two countries.
via SCMP Full Text Feed
Donald Trump has doubled tariffs on Canadian steel and aluminum imports to 50% in retaliation for Ontario's 25% tariff on US electricity. The former president announced the increase on Truth Social, directing his commerce secretary to implement the new tariff starting Wednesday. He also demanded Canada eliminate its existing tariffs on US dairy products.
Trump further threatened to impose significant tariffs on Canadian cars entering the US if Canada doesn't drop other long-standing tariffs. He also mentioned plans to declare a National Emergency on Electricity within the affected region, escalating the trade dispute between the two countries.
via SCMP Full Text Feed
