War! Trump doubles tariffs on Canadian steel and aluminum, in response to Canada’s tariffs on energy
President Donald Trump on Tuesday threatened to impose additional tariffs on Canadian steel, aluminum, electricity and motor vehicles.
This is a retaliatory tariff for Ontario's imposition of a 25% tariff on electricity exported to the United States.
Trump said he had instructed Commerce Secretary Howard Lutnick to add another 25% tariff on all steel and aluminum entering the United States from Canada. The new 50% rate will take effect Wednesday morning.
Trump made the announcement on the social network Truth, calling Canada "one of the nations with the highest tariffs in the world."
The move came after Ontario Premier Doug Ford on Monday imposed 25% tariffs on electricity exports from the Canadian province to the US states of Michigan, New York and Minnesota.
Speaking to reporters in front of a podium reading “Canada is not for sale,” Ford said the surtax would cost families and businesses in those states up to $400,000 a day. On average, Ontario's premier said it would add about $100 a month to the "bills of hard-working Americans."
“I want to be clear: I will not hesitate to increase this tax,” Ford said. “If necessary, if the United States escalates, I will not hesitate to completely shut off electricity. Believe me when I say I don't want to do it. I feel bad for the American people, because the American people didn't start this trade war. Only one person is responsible. It's President Trump."
Ontario Premier Doug Ford (getty images)
In a subsequent post on Tuesday, Trump said: “Why would our country allow another country to provide us with electricity, even for a small area?”
“Who made these decisions and why?” Trump said. “And can you imagine Canada stooping so low to use electricity, which so impacts the lives of innocent people, as a bargaining chip and a threat? They will pay a financial price for this so high that it will be read about in history books for many years to come!”
Trump also said Tuesday that Canada "must immediately abandon its anti-American 250% to 390% tariff on various U.S. dairy products, which has long been considered outrageous." The president said he will soon declare “a national electricity emergency within the threatened area,” a move that will “allow the United States to quickly do what must be done to alleviate this abusive threat from Canada.”
“If Canada also does not abolish other long-standing and injurious tariffs, on April 2 I will substantially increase tariffs on cars entering the United States, which will essentially put the auto manufacturing business in Canada out of business for good. Those cars can easily be made in the USA!”
The war has broken out, now all that is missing is the Red Plan
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The article War! Trump doubles tariffs on Canadian steel and aluminum, in response to Canada's energy tariffs comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/guerra-trump-raddoppia-i-dazi-su-acciaio-e-alluminio-canadesi-in-risposta-a-quelli-del-canada-sullenergia/ on Tue, 11 Mar 2025 19:01:15 +0000.