US President Donald Trump said he would double the tariffs he previously announced on Canadian steel and aluminum imports, leviing a total of 50%.
In the latest twist in the Trump War, Trump said a 25% extra charge on electricity sent to the US Northern states on Monday was retaliated.
Trump said he would raise taxes on the auto industry if tariffs, including those from agricultural products, are not dropped. This said “basically, it would shut down Canadian auto manufacturing forever.”
Ontario Prime Minister Doug Ford said, “We will not retreat until the tariff threat is forever.”
In a post on X, Ford added that Trump has “launched an unprovoked trade and tariff war with America’s closest friends and allies.”
He has previously said that if the US “escalates”, he “doesn’t hesitate to shut off electricity completely.”
Customs duties are taxes charged on goods imported from other countries.
Companies that bring foreign countries to the country pay taxes to the government.
However, businesses can pass some or all of the costs of taxation to their customers.
Writing on the truth social of his social media platform, Trump said his tariffs would take effect Wednesday morning, and that he would declare “national emergency against electricity” in those states.
He also said Canada relied on the United States for “military protection,” and reiterated that he wanted the country to become the 51st United States.
He added that if Canada joins the United States as a nation, “all tariffs and everything else will disappear completely” and “all disappear completely.”
Mark Carney, appointed by the Canadian Prime Minister, said, “President Trump’s latest tariffs are attacks on workers, families and businesses in Canada. My government supports the impact of workers, while ensuring that the response here in Canada will have the greatest impact and minimize the impact here in Canada.”
“My government will maintain tariffs until Americans show respect for us and show us a reliable and reliable commitment to free and fair dealing.”
(Source: BBC)