President Donald Trump said he would increase steel and aluminum tariffs on Canada to 50% to retaliate against Ontario’s move raising taxes on electricity sent to the US, ramping up his fight with the US’s largest trading partner.
“This will go into effect TOMORROW MORNING, March 12th,” Trump said Tuesday in a social media post. A planned 25% metals tariff is set to take effect just after midnight, and Trump’s decision doubles the rate for Canada.