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Trump declares trade war: tariffs on Canada doubled!
US President Trump announces further tariff increases against Canada while Ontario adjusts electricity prices. Trade dispute escalates.
Trump declares trade war: tariffs on Canada doubled!
US President Donald Trump has further escalated the trade war against Canada by doubling tariffs on all imports of steel and aluminum. This drastic measure, which will increase from 25 to 50 percent, will come into force on Wednesday, as Trump announced via his short message service Truth Social. An official instruction was issued to Commerce Secretary Howard Lutnick. The president justifies this step with the Canadian province of Ontario's planned 25 percent electricity surcharge on exports to the USA, a measure that Trump described as impermissible. , as nachrichten.at reported.
But Trump is not satisfied yet: He is calling on Canada to immediately reduce the high tariffs on US dairy products, which range between 250 and 390 percent. The trade conflict continues to escalate as he also threatens higher import tariffs on automobiles, which could come into effect as early as April 2 if Ottawa does not scrap its "outrageous" levies. The Canadian province of Ontario originally introduced the electricity price surcharge in response to US tariffs imposed by Trump on Canadian goods. , the Crown reported.