Donald Trump escalates US-Canada trade war with additional 25% tariff on steel and aluminium
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US President Donald Trump has said he will impose an additional 25 per cent tariff on steel and aluminium imports from Canada, escalating his battle with one of the US’s biggest trading partners.
“I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,” Trump wrote on his Truth Social platform on Tuesday.
He added that the levy would come into effect on Wednesday.
Trump also said that if Canada did not drop its “long time” tariffs, he would “substantially increase” levies on cars coming into the US, a move he said would “essentially, permanently shut down” the country’s carmaking industry.
This is a developing story
