It seems that Canada will not have it easy in the face of Donald Trump's policies. The US president threatened a sharp escalation in the trade war with Canada in retaliation for Ontario's export surcharge for American electricity.
Trump said he would match Ontario's 25% surcharge on electricity in New York, Minnesota and Michigan with a 25% tariff on Canadian electricity. That could further increase costs for Americans, especially in northern states that rely on energy from Canada.
Ontario's surcharge, announced Monday, threatens to increase bills by $100 a month, Ontario Premier Doug Ford said.
In addition, Trump said he would impose even larger tariffs on Canadian steel and aluminum than he had previously planned.
"Based on Ontario, Canada, imposing a 25% tariff on 'Electricity' coming into the United States, I have directed my Secretary of Commerce to impose an ADDITIONAL 25% to 50% tariff on all Steel and Aluminum coming into the United States," Trump said in a social media post on Tuesday.
Trump also said he would declare a national electricity emergency in the targeted states of Ontario and he threatened to "substantially" increase tariffs on cars coming into the United States from Canada starting April 2.
The president said these auto tariffs would “essentially shut down the auto manufacturing business in Canada forever. Those cars could easily be made in the U.S.!” (A2 Televizion)
A2 CNN Livestream
MUND TE LEXONI GJITHASHTU
