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Trump Doubles Tariffs on Canadian Steel and Aluminum to 50% After Ontario's Electricity Surcharge

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Updated Mar 11, 2025, 04:46 PM

U.S. President Donald Trump announced on Tuesday that his administration will double tariffs on Canadian steel and aluminum imports to 50%, escalating trade tensions between the two countries. The move comes in response to the province of Ontario's decision to impose a 25% surcharge on electricity exports to three U.S. states: New York, Minnesota, and Michigan. Trump criticized Canada as a 'tariff abuser' and warned of further measures, including substantially increasing tariffs on cars imported from Canada starting April 2 if other tariffs are not dropped. He also expressed intent to declare a national emergency on electricity. The Ontario government, led by Premier Doug Ford, announced the 25% surcharge on electricity exports, threatening to 'not hesitate to shut the electricity off completely' if the trade war escalates further. The surcharge is expected to affect approximately 1.5 million Americans and cost them $400,000 per day, according to Ford. Trump accused Canada of imposing 'outrageous' tariffs of 250% to 390% on various U.S. dairy products and demanded their immediate removal. He stated that the United States does not need Canadian energy, cars, lumber, or dairy products, signaling a hardening stance on trade with its northern neighbor. The escalating trade dispute rattled financial markets, with the Dow Jones Industrial Average dropping over 600 points amid investor concerns over a potential economic slowdown resulting from the intensified trade war. The increased tariffs are set to take effect on Wednesday, March 12, 2025.

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Sources

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🌎 #Internacional | Donald Trump increased planned tariffs on Canadian steel and aluminum to 50%. The measure comes as a response to the imposition of tariffs by the province of Ontario on U.S. electricity exports. https://t.co/jLUpLQbbDT