President Donald Trump said Tuesday that he will double the rates imposed on steel and aluminum imported to Canada, an escalation of the economic dispute between the United States and its largest commercial partner.
Trump published on his real social platform that tariffs would go from 25% to 50% from Wednesday, a movement that occurs in response to the province of Ontario that imposes a 25% tariff on the electricity that reaches the United States.
Trump added that he would declare a “national emergency” in the three states that Ontario has attacked so that the rates could go into force.
Trump also asked Canada to reduce his duties on US dairy products and threatened to “substantially increase” tariffs in imported cars to the US. Uu. If Canada did not fall “other heinous and long rates.”
Trump then doubled part of his recent rhetoric about making Canada part of the United States
“The only thing that makes sense is that Canada becomes our appreciated Fifty First State,” Trump wrote. “This would make all rates, and everything else, disappear totally.”
Canada has emerged rapidly in the first months of the second presidential term of Trump as the objective of his anger, putting the allies once closed more rocky. Trump has instituted and then removed tariffs on a variety of Canadian goods, while incorporating his leaders publicly and blamed for the lack of measures on fentanyl traffic (relatively little of the drug are seized on the northern border compared to the US border with Mexico).
Mexico has faced similar tariff threats and rhetoric, but its president, Claudia Sheinbaum, seems to have managed to have achieved Trump, while Canada has taken reprisals more aggressively with tariffs and public comments.
In a previous social position at night, Trump called Canada a “tariff abuser” for a long time.
“The United States is no longer going to subsidize Canada,” he warned, adding: “We do not need its cars, we do not need its wood, not your energy, and very soon, you will discover it.”
The actions fell to their lowest point of the negotiation day on Tuesday in the news. The S&P 500 dropped approximately 0.8%, while the nasdaq technological heavy was out of 0.4%. The Dow Jones industrial average gave 400 points, decreasing more than 1%.
Ontario Prime Minister Doug Ford announced on Monday a 25% surcharge on electricity used by about 1.5 million Michigan residents, Minnesota and New York that entered Trump’s recent Belicose language to Canada on Monday.
“I will not hesitate to increase this position,” Ford said at a press conference. “If the United States intensifies, I will not hesitate to disconnect the electricity completely … believe me when I say that I do not want to do this. I feel terrible by the American people who did not start this commercial war. He is a responsible person, he is President Trump.”
The New York Independent System operator, which manages the State Network, has said that there is sufficient generation capacity to transition from Canadian sources.
