President Trump announced he will double tariffs on Canadian steel and aluminum to 50% in response to Ontario’s 25% tariff on U.S. electricity. Trump declared a “national emergency” on the affected area and threatened to increase tariffs on Canadian dairy and auto imports if necessary. Ontario Premier Doug Ford warned of further electricity surcharges or even a complete shutoff if the U.S. escalates the trade war, placing blame on Trump for the conflict.
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