EU, Canada retaliate as 25% metal, aluminum tariffs take impact

President Trump mentioned in a social media publish he will likely be growing tariffs on Canadian metal and aluminum to 50%, beginning tomorrow, in response to Ontario’s 25% surcharge on electrical energy coming into america.

“Primarily based on Ontario, Canada, putting a 25% Tariff on ‘Electrical energy’ coming into america, I’ve instructed my Secretary of Commerce so as 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,” Trump wrote. “It will go into impact TOMORROW MORNING, March twelfth.”

Trump additionally mentioned he would declare a nationwide emergency on electrical energy inside the space affected by Canadian electrical energy shipments and threatened to boost tariffs on Canadian automotive imports with a view to “completely shut down the auto manufacturing enterprise in Canada.”

Moreover, the president insisted Canada scale back its tariffs on US dairy merchandise following his menace final week of latest reciprocal tariffs on Canadian lumber and dairy merchandise.