Donald Trump retaliates against Ontario's tariffs, adds 25% tax on Canadian steel, aluminium

Hindustan Times

Hindustan Times

Summary

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(NUE) and Steel Dynamics (STLD) shares rose as much as 2.5% in morning trading Tuesday after President Donald Trump announced plans to double tariffs on Canadian steel and aluminum imports – raising duties from 25% to 50%.
Asianet Newsable
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Aluminum and Steel Makers Rise After Trump’s Latest Tariff Threat
The Wall Street Journal
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Mr Trump began his furious flurry of words on the Truth Social site by directly mentioning his actions were connected to "Ontario, Canada, placing a 25% tariff on 'electricity' coming into the United States".
Daily Express
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He also threatened to "substantially increase" tariffs on cars coming into the United States on April 2 "if other egregious, long time Tariffs are not likewise dropped by Canada."
Reuters

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References

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Truth Social
Truth Social
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