Trump Doubles Tariffs and the EU Hits Back

President Trump announced today that he has ordered an increase in tariffs on Canadian steel and aluminum, raising them from 25% to 50%, in response to Ontario Premier Doug Ford’s recent imposition of a tax on electricity exports to the United States.

“Based on Ontario, Canada, placing a 25% tariff on ‘electricity’ coming into the United States, I have instructed my Secretary of Commerce 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. This will go into effect TOMORROW MORNING, March 12th,” President Trump announced on Truth Social.