Trump: Tariffs have been increased to 50%, effective today! The White House urgently changed its words: No more...
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On March 11, U.S. President Trump said he had instructed the U.S. Secretary of Commerce to "impose an additional 25% tariff on all steel and aluminum products from Canada, bringing the U.S. total tariff level on Canadian steel and aluminum to 50%.
Previously, Trump officially announced on February 10th local time"A 25% tariff is imposed on all imported steel and aluminum", while abolishing the tax-free quota and exemption policies for some trading partners.
According to the U.S. government and the American Steel Association, the largest source of steel imports in the United States is Canada. By weight, Canada accounts for nearly a quarter of steel imported by U.S. companies. Canada is also the largest primary aluminum supplier in the United States.
On March 11, U.S. President Trump posted on his social media that he would soon declare a national power emergency in view of Canada's 25% tariff on electricity delivered to the United States.
also,Trump said Canada must immediately lift tariffs of 250% to 390% on various dairy products in the United States.
If Canada does not lift other tariffs, Trump will significantly increase tariffs on U.S. imported cars on April 2, which Trump said would "fundamentally shut down" Canada's auto manufacturing industry.
After Trump released the news of imposing tariffs on Canadian steel and aluminum,Ontario Premier Doug Ford responded quickly, saying he would take countermeasures against U.S. energy.
"We will not back down and will respond firmly. It is unacceptable for President Trump to attack our country, family and work without reason."
Just the day before the United States announced its increase in investment, the Ontario government of Canada officially imposed a 25% surcharge on all electricity exported to three U.S. states on the 10th.
It is estimated that this measureWill bring Ontario 400,000 Canadian dollars (about 7,000) in revenue every day, and will also affect 1.5 million households and businesses in Michigan, Minnesota and New York.
In addition, in order to counter the additional tariffs from the United States, on the 10th local time, Canada's British Columbia Governor David Ibi also announced that it wouldAll American-made alcoholic beverages in the province's liquor stores are removed.
