United States President Donald Trump has actually said he will double the tariffs he previously announced on Canadian steel and aluminum imports into the United States, taking the levies to 50% in total.In the most recent twist in a deepening trade war, Trump said it remained in retaliation for a25% additional charge Ontario announced on electrical power it sends out to northern US states on Monday.Trump said if tariffs, including those on farming products were not dropped, he would trek taxes on the automobile industry, which will, essentially, permanently shut down the car manufacturing company in Canada .
Ontario premier Doug Ford said: Until the threat of tariffs is chosen excellent, we wont pull back.
Fordadded in a post on Xthat Trump had launched an unprovoked trade and tariff war with Americas closest buddy and ally .
He has actually formerly stated he will not be reluctant to shut down electricity entirely if the United States intensifies .
Tariffs are taxes charged on products imported from other countries.The companies that bring the foreign items into the country pay the tax to the government.But companies might pass then on some or all of the expense of levies to customers.Writing on his social media platform Truth Social, Trump saidhis tariffs would enter into impact on Wednesday early morning, which he would declare a national emergency situation on electrical power in those states.He also said Canada relied on the US for military protection , and reiterated that he desired the country to end up being the 51st US state.He add that it would make all tariffs, and everything else, completely disappear if Canada were to join the US as a state.Canadian Prime Minister-designate Mark Carney postedon X, President Trumps newest tariffs are an attack on Canadian workers, households, and businesses.
My government will guarantee our response has maximum impact in the United States and minimal effect here in Canada, while supporting the employees impacted.
My federal government will keep our tariffs on till the Americans reveal us respect and make reliable, trusted commitments to totally free and fair trade.
(Source: BBC)