President Donald Trump stated Tuesday he has ordered his administration to elevate tariffs on Canadian metal and aluminum imports by an extra 25%, bringing the overall duties to 50%.
The brand new coverage will go into impact Wednesday morning, Trump stated in a Fact Social submit that additionally repeated his calls for Canada to be absorbed into the U.S. because the “Fifty First State.”
Trump stated he was imposing the most recent tariffs in response to Ontario’s determination to slap a 25% tax on electrical energy exports to the U.S.
That transfer by Ontario Premier Doug Ford was itself issued in retaliation for the sweeping 25% tariffs that Trump had positioned on imports from Canada.
“Based mostly on Ontario, Canada, putting a 25% Tariff on “Electrical energy” coming into america, I’ve 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 Fact Social on Tuesday morning.
“This may go into impact TOMORROW MORNING, March twelfth,” he wrote.
The Dow Jones Industrial Common prolonged its losses after Trump’s announcement, falling greater than 500 factors, whereas the S&P 500 dropped 0.8% and the Nasdaq Composite fell 0.4%.
Markets are already reeling from the influence of Trump’s tariffs and broader fears of a recession.
Minutes after Trump’s announcement, Ford stated he would maintain his countermeasure on U.S. energy in place.
“We won’t again down. We can be relentless,” Ford stated on MSNBC. “I apologize to the American folks that President Trump determined to have an unprovoked assault on our nation, on households, on jobs, and it is unacceptable.”
In an interview on CNBC’s “Cash Movers” later Tuesday morning, Ford stated he can be keen to shut off his province’s energy provide to the U.S. if Trump “continues to harm Canadian households.”
“I will not hesitate to try this,” Ford stated, including, “That is the very last thing I would like to do.”
Trump imposed tariffs on Canada and Mexico in early February, earlier than delaying them for one month after which reimposing them — after which partially delaying them once more.
Ford has vowed to maintain Ontario’s tax in place, regardless of Trump’s newest reprieve.
“There’s one particular person to be blamed, and that is President Trump,” Ford stated on CNBC. “There’s one particular person to be blamed if we go right into a recession, it will likely be known as the Trump recession. Nobody else.”
Trump has not but signed the formal paperwork to elevate tariffs on Canada’s metal and aluminum, however the order is “in the works,” a senior administration official instructed CNBC on Tuesday.
The official, who spoke on situation of anonymity, stated Trump’s escalation was supposed to “lay down the gauntlet” in response to Ford’s motion.
The White Home has no calls presently scheduled between the president and his Canadian counterparts, however the administration expects Ottawa to attain out sooner or later Tuesday, the official added.
U.S. President Donald Trump delivers remarks in the Oval Workplace of the White Home in Washington, D.C., U.S., March 7, 2025.
Leah Millis | Reuters
Individually in the Fact Social submit, Trump demanded that Canada “instantly drop” an “Anti-American Farmer Tariff” on sure U.S. dairy merchandise.
He additionally warned that he “will shortly be declaring a Nationwide Emergency on Electrical energy throughout the threatened space.”
“This may permit the U.S to rapidly do what has to be performed to alleviate this abusive risk from Canada,” Trump wrote.
The president additionally declared that if Canada doesn’t elevate different “egregious, very long time Tariffs” on the U.S., he’ll “considerably improve” tariffs on auto imports on April 2.
Doing so will “basically, completely shut down the car manufacturing enterprise in Canada,” Trump wrote.
The White Home didn’t instantly reply to CNBC’s request for further touch upon Trump’s submit.
Trump, who steadily praises tariffs as an financial multitool, has hyped April 2 because the date when he’ll impose widespread “reciprocal tariffs” on different international locations which have their very own duties on U.S. items.
Trump’s on-again, off-again tariffs on Canada and Mexico have infected tensions with each U.S. neighbors. However they’ve stoked particular ire in Canada, the place actions have sprung up to boycott U.S. merchandise and political leaders have forcefully denounced Trump’s commerce battle.
Former Canadian Prime Minister Justin Trudeau immediately accused Trump of making an attempt to weaken his nation in order to make it simpler to “annex,” referring to Trump’s repeated calls to make Canada the 51st state.
In Tuesday’s submit, Trump related his tariff plans and his Canadian statehood purpose much more explicitly.
“This can not proceed,” Trump wrote. “The one factor that is sensible is for Canada to turn out to be our cherished Fifty First State.”
“This is able to make all Tariffs, and every little thing else, completely disappear,” he wrote, whereas promising that Canadians’ taxes would go down.
“The substitute line of separation drawn a few years in the past will lastly disappear, and we can have the most secure and most stunning Nation anyplace in the World,” he added.
“And your sensible anthem, ‘O Canada,’ will proceed to play, however now representing a GREAT and POWERFUL STATE throughout the best Nation that the World has ever seen!”
— CNBC’s Megan Cassella contributed to this report.
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