The Minister of Commerce to add additional duties of 25% to all Canada steel and aluminum imports, Donald Trump said.

Double duties (now amount to 50%) comes in response to the US president’s 25% duties imposed by the province of Ontario, to the electricity he exports to the US, a move that came as a … response to Trump’s duties to imports from Canada.

“Also, Canada must immediately abandon the anti -American duty of farmers 250% to 390% in various US dairy products, which has long been outrageous. I will soon declare a national state of emergency for electricity in the endangered area »Trump wrote.

The duties in Canada will come into force on the morning of Wednesday, March 12th.

In addition, the US president threatened to increase duties in cars arriving in the US on April 2 “if Canada does not reduce other outrageous duties it has imposed for years”.

At the same time, however, Trump does not forget his pious desire and calls on Canada to revise his opinion and become the 51st US state.

Concerning the new higher duties, the US president had warned a few days ago of his intentions to impose reciprocal duties on Canadian products, when he had strongly protested the extremely high duties, as he said, imposed by Canada on dairy products.

“Canada has been calling us 250% of duty and dairy duties for years … they will face exactly the same duties if they do not abolish them.” Donald Trump said characteristically.

Chaos…

President Trump “He is responsible for this chaos not only here, in Canada, the US and Mexico, but all over the world”said Ontario’s Governor, Doug Ford, on Bloomberg television following the new announcements by the US president. “He was elected president with the mandate to reduce inflation and create more jobs and does the exact opposite. Inflation goes up, assembly factories will close if it continues with these automotive duties, people will lose their jobs, processing will be reduced and people will have less money in their pocket. “

The duty policy … it costs

Trump’s tariff policy, however, has feared that it is threatening the US economy. These fears have, in turn, caused a sell-off on the US stock market, which has been overwhelming 4 trillion. Dollars from the capitalization of large capitalization companies that make up the S&P 500 index compared to the high record last month, when Wall Street still greeted much of Trump’s agenda.