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Canadian Prime Minister Justin Trudo will tour the galvanized line in Arcelormittal Dofasco in Hamilton, Ontario, Canada on February 14, 2025.
Carlos Osario | Reuters
President Donald Trump On Tuesday, he said that he ordered the administration to increase the tariffs for Canadian imports and aluminum by an additional 25%, which led to a total duty to 50%.
The new policy will come into force on Wednesday morning, Trump said.
Trump said he imposes the latest tariffs in response to the Ontario government’s decision Dress the tax on 25% by exports of electricity to the US
This step by Prime Minister Ontario Doug Ford was issued at a wide 25% of the tariffs that Trump has been imported from Canada.
“Based on Ontario, Canada, having placed a 25% tariff for” electricity “that came to the US, I instructed my trade ministers to add an additional 25% tariff by 50%, all of the steel and aluminum coming to the United States from Canada, one of the highest tariff countries anywhere in the world,” The truth is social On Tuesday morning.
“It will come into force tomorrow morning, March 12,” he wrote.
A Dow Jones Industrial Medium After Trump’s proclamation extended the loss, fell more than 400 points as well S&P 500 decreased by 0.6%and Nasdaq Composite fell by 0.1%.
Markets already feel from the effects of Trump tariffs and wider fears of the recession.
A few minutes after Trump’s announcement, Ford said he would support his energy in the US.
“We will not back down. We will be tireless,” Ford said at MSNBC. “I apologize to the American people that President Trump has decided to conduct an unpredictable attack on our country, families, workplaces, and this is unacceptable.”
Trump also demanded that Canada “immediately abandon the” anti -American farmer “on certain US products in the United States, warning that he” soon announced the national emergency on electricity within the threat. “
“This will allow the US to do what you need to do to ease this abusive threat from Canada,” he wrote.
The president also said that if Canada does not remove other “outrageous, long -standing tariffs”, on April 2 he “significantly increased” tariffs for auto.
This is essentially “essentially, constantly closing the car production in Canada,” Trump wrote.
Trump, which often praises tariffs as an economic multitas, has promoted on April 2 as a date when it imposes broad “mutual tariffs” in other countries that have their duties on American goods.
This is conducting the news. Please update updates.
