Trump raises tariffs on Canadian steel, aluminum to 50% after Ontario's electricity levy
US President Donald Trump on Tuesday announced a sharp increase in tariffs on Canadian steel and aluminum and warned of a "National Emergency" over electricity imports.
"Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add 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. This will go into effect TOMORROW MORNING, March 12th," Trump wrote on Truth Social.
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