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Trump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties

President Donald Trump announced he will double tariffs on steel and aluminum from 25% to 50% for Canada, escalating trade tensions as a response to Ontario's electricity price hike.
The U.S. Stock market fell sharply after Trump's announcement, raising concerns about an economic downturn and pressures for a clear economic growth plan.
Economist Larry Summers suggested a significant chance of recession due to the uncertainty affecting demand and inflation.
Trump claimed that tariffs would lead to more U.S. Factory investments, but the impact on job creation remains unclear amid rising economic anxieties.

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The New Arab

+6 Reposted by 6 other sources

Trump doubles down on Canada trade war with major tariff hike

US President Donald Trump doubled tariffs on Canadian steel and aluminium on Tuesday while threatening to "shut down" the country's auto industry and saying the best way to end the trade war is for Washington's ally to be absorbed into the United States. Trump's new threats came hours before a midnight deadline for ramping up the Republican's globe-spanning trade offensive with levies on both metals. On his Truth Social platform, Trump said he w…

12 hours ago·London, United Kingdom

Trump doubles Canada metal tariffs, Ontario backs down

The UK would not impose retaliatory trade tariffs in response to US duties on all steel and aluminium...

18 hours ago·Newcastle, Australia

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The Free Press (Tampa)

Economist Steve Moore Warns Countries Making ‘Huge Mistake’ By Fighting President On Tariffs

Economist Steve Moore warned other nations on Tuesday that challenging President Donald Trump on tariffs would significantly backfire on their economies. In response to Ontario, Canada imposing a 25% tariff on electricity entering America, Trump announced on Truth Social Tuesday that he instructed the Commerce Department secretary to double the previously announced 25% tariff on Canadian steel and aluminum, […] Economist Steve Moore Warns Count…

19 hours ago·Tampa, United States

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Fast Company

Trump doubles tariffs on Canadian steel and aluminum to 50%

President Donald Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor and standing unmoved by recent stock market turmoil and rising recession risks. Trump said on social media that the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on …

19 hours ago

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Anadolu Ajansı

Trump to require Canadians who stay in US for over 30 days to register

Registrations and finger printing for Canadians who stay in US for over 30 days will begin to go into effect April 11, according to ABC News - Anadolu Ajansı

19 hours ago·Ankara, Türkiye

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100% FED UP!

President Trump Announces Additional Tariffs On Canada * 100PercentFedUp.com * by Danielle

In a bold move, President Trump has announced a staggering 50% tariff on steel and aluminum imports from Canada, igniting a potential trade war. Discover the implications of this decision and Canada's fierce response in our full analysis.

20 hours ago

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