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- Donald Trump Doubles Tariffs on Canadian Steel and Aluminium to 50% Amid Escalating Trade War
Donald Trump Doubles Tariffs on Canadian Steel and Aluminium to 50% Amid Escalating Trade War
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President Donald Trump has announced a doubling of planned tariffs on steel and aluminum products imported from Canada. The new tariffs, which will take effect on Wednesday, March 12, will be 50% instead of the previously announced 25%. This decision is in response to the imposition of a 25% surcharge on electricity exports to some US states by the province of Ontario in Canada.
While steel represents a significant portion of total US imports, the country depends far more on Canadian aluminum to meet domestic demand.
Let me be clear, I will not hesitate to increase this charge. If necessary, if the United States escalates, I will not hesitate to shut the electricity off completely.
We need those CEOs to actually get a backbone and stand in front of him and tell him, 'This is going to be a disaster. It's mass chaos right now.'
Based on Ontario, Canada, placing a 25% Tariff on 'Electricity' coming into the United States, I have instructed my Secretary of Commerce to ad [sic] an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD.
Those cars can easily be made in the USA! Also, Canada pays very little for National Security, relying on the United States for military protection. We are subsidizing Canada to the tune of more than 200 Billion Dollars a year. WHY??? This cannot continue.
The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear.
Also, Canada must immediately drop their Anti-American Farmer Tariff of 250 per cent to 390 per cent on various US dairy products, which has long been considered outrageous. I will shortly be declaring a National Emergency on Electricity within the threatened area.
Never before in my life have Ihad to read so much news, watch so much news to know, he's what's my industrygoing to look like tomorrow.
We only use American steel, so we're thrilled with the tariffs.
Increasing the price of key inputs for the US manufacturing industries–who employ 10 million people–is what a US adversary would do.
Trump's tariffs
- Donald Trump Announces 90-Day Tariff Reduction with China
- US and China Reach New Agreement on Tariffs After Ongoing Trade Negotiations in Geneva
- Donald Trump Proposes Significant Reduction in China Tariffs Amid Ongoing Trade Negotiations
sources
- 1.South China Morning Post
- 2.The Times of India
- 3.CNA News
- 4.Al Jazeera
- 5.The Guardian
- 6.Le Monde
- 7.BBC
- 8.Agence France-Presse
- 9.Fox News
- 10.MSNBC
perspectives
- 1.US under Donald Trump
- 2.Chinese Foreign Policy
- 3.US-China Relations
- 4.Immigration to the US
- 5.US Economy
- 6.Inflation
- 7.Trade Agreement
- 8.World Economy
- 9.US-India relations
- 10.Mexico under Claudia Sheinbaum
- 11.US-EU relations
- 12.United States–Mexico–Canada Agreement
countries
organizations
- 1.Truth Social
- 2.Liberal Party
- 3.Pakistan Tahreek-e-Insaf
- 4.Republican Party
- 5.Unifor
- 6.White House
- 7.Canadian Chamber of Commerce
- 8.Ford Motors
- 9.Google
- 10.Harvard University
- 11.Icarus Brewing
- 12.JPMorgan Chase
persons
- 1.Donald Trump
- 2.Doug Ford
- 3.Mark Carney
- 4.Larry Summers
- 5.Drew Fagan
- 6.Jason Goldstein
- 7.Justin Trudeau
- 8.Natalie Sherman