US EditionTrump raises Canadian steel, aluminum tariffs to 50% in retaliation for Ontario energy duties
- President Donald Trump announced he will double tariffs on steel and aluminum from 25% to 50% for Canada, escalating trade tensions as a response to Ontario's electricity price hike.
- The U.S. stock market fell sharply after Trump's announcement, raising concerns about an economic downturn and pressures for a clear economic growth plan.
- Economist Larry Summers suggested a significant chance of recession due to the uncertainty affecting demand and inflation.
- Trump claimed that tariffs would lead to more U.S. factory investments, but the impact on job creation remains unclear amid rising economic anxieties.
453 Articles
453 Articles
phelpscountyfocus.com
Trump doubles down on Canada trade war with major tariff hike
The United States broadened its slate of tariffs Wednesday as sweeping levies on steel and aluminum imports took effect "with no exceptions or exemptions" as promised by the White House -- despite countries' efforts to avert them.
Newcastle Herald
The Canberra TimesTrump doubles Canada metal tariffs, Ontario backs down
The UK would not impose retaliatory trade tariffs in response to US duties on all steel and aluminium...
Economist Steve Moore Warns Countries Making ‘Huge Mistake’ By Fighting President On Tariffs
Economist Steve Moore warned other nations on Tuesday that challenging President Donald Trump on tariffs would significantly backfire on their economies. In response to Ontario, Canada imposing a 25% tariff on electricity entering America, Trump announced on Truth Social Tuesday that he instructed the Commerce Department secretary to double the previously announced 25% tariff on Canadian steel and aluminum, […] Economist Steve Moore Warns Count…
Trump doubles tariffs on Canadian steel and aluminum to 50%
President Donald Trump said Tuesday that he will double his planned tariffs on steel and aluminum from 25% to 50% for Canada, escalating a trade war with the United States’ northern neighbor and standing unmoved by recent stock market turmoil and rising recession risks. Trump said on social media that the increase of the tariffs set to take effect on Wednesday is a response to the price increases that the provincial government of Ontario put on …
President Trump Announces Additional Tariffs On Canada * 100PercentFedUp.com * by Danielle
In a bold move, President Trump has announced a staggering 50% tariff on steel and aluminum imports from Canada, igniting a potential trade war. Discover the implications of this decision and Canada's fierce response in our full analysis.
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