Trump doubles planned tariffs on Canadian metal
Mar 12, 2025
New York [US], March 12: On Tuesday, U.S. President Donald Trump escalated a trade dispute with Canada by doubling tariffs on imported steel and aluminum to 50%.
This move, set to take effect within hours, has shaken financial markets and raised concerns among business leaders about declining consumer demand.
Trump's decision was a response to Ontario's premier, who threatened a 25% surcharge on electricity supplied to 1.5 million U.S. homes unless Trump withdrew his tariff threats.
Source: Fijian Broadcasting Corporation
