US President Donald Trump has announced he will impose 50-percent tariffs on Canadian steel and aluminium imports, escalating a trade war with the United States’s northern neighbour.
In a social media post on Tuesday morning, Trump said the increased tariffs come in response to a decision by the province of Ontario to put a 25-percent surcharge on electricity exports to some US states.
He said the 50-percent tariffs on steel and aluminium would come into effect on Wednesday.
“The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear,” he wrote on Truth Social.
More to come…