US President Donald Trump has announced that he wanted to further sharpen the trade war he rightly against Canada against Canada. The rates for all imports of steel and aluminum from the neighboring country must be doubled from 25 to 50 percent. Canada wants to combat its own measures.
They must enter into force on Wednesday, as the Republican announced on Tuesday through his short message Service Truth Social. A corresponding instruction was given to commercial minister Howard Lutnick.
Trump justified his approach by the fact that the Canadian province of Ontario wanted to increase a surcharge of 25 percent for the export of electricity to the US. At the same time, he indicated that he would act even harder against Canada. “Moreover, Canada must immediately drop its anti-American farmers from 250 to 390 percent on various American milk products that have long been considered unabashed,” Trump said.
He also threatened to significantly increase the import duties on cars to the US on 2 April. And “if Canada does not take other shameful, long existing rates”. The Canadian Province of Ontario had described the increased export customs of electricity as a protest against American rates that Trump had imposed on Canadian goods.
Declaration of Ontario
Ontarios Prime Minister Doug Ford said on Monday that the province would not admit until there were no tasks at all. He does not shy away from further climbs and “if the US escalates, I will not hesitate to completely switch off the electricity”.
Governor Tim Walz of Minnesotas, who had started as a vice presidential candidate for the Democrats, said in online service X that people in his state “were the first victims of Trump’s trade war”. “Minnesota cannot afford by billionaire -controlled economy. We have to stop this madness. “
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
