Trump doubles down on Canada trade war with major tariff hike

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WASHINGTON: US President Donald Trump on Tuesday declared more taxes on Canada’s steel and aluminum, threatening to “close” its auto industry and the best way to end the trade war was to absorb Washington’s ally in the United States.

New threats about Trump’s trauma were revealed a few hours before the Midnight deadline for the Republican’s growing global trade operation with levies on both Republican metals.

On his true social platform, Trump said he would double 25 % of the revenue on steel and aluminum for metals import from Canada.

Brazil, Mexico, the United Arab Emirates and other countries, killing 25 % of levy for US trade partners in Wednesday.

Incoming prices, which currently allow for no exception, threaten to affect everything from electronics to vehicles and construction equipment.

Canada is one of the most aggressive operations, which is historically one of the closest allies and high trade partners in the United States.

Ottawa has been closed in an extraordinary bitter battle with the Republican, with constant threats to its sovereignty.

Canada’s incoming Prime Minister Mark Carney attacked a defective note on Sunday, saying that if anyone needed, the Canadian is “always ready” for fighting.

A Canadian source told AFP on Tuesday that if Trump increased further taxes on his luggage, Ottawa would have to “respond” kindly.

Half US aluminum imports in Canada and 20 % of US steel imports, said Industry Advisor EY Partinin.

Emergency situation?

Trump said his super -charged tariffs are in response to 25 % of the Ontario’s Ontario province on electricity exports to three US states.

Trump said he would announce the national emergency of the area that was affected by the price rise.

He also promoted threats, warning that if he was not called “great” Canada prices, he would promote taxes on cars from April 2.

“Basically,” will permanently shut down the automobile manufacturing business in Canada, he said.

Trump has promised mutual taxes with April 2 to consider Washington unfair to remedy trade methods.

Reacting to Trump’s announcement about MSNBC, Ontario’s Prime Minister Dougford said that the US president promised proper reaction “on our country, families, jobs,” jobs, “” on jobs, “” on our country, “jobs.”

In his social media post on Tuesday, Trump said, “The only thing that is understood” is to join the United States as the 51st state for Canada.

“This will eliminate all the rates and everything else,” Trump said.

Costs and opportunities

Former US Treasury Secretary Larry Summers said on the X -threatening of Trump’s revenue on Canada, “the US economy will not be affected by the US economy, which we cannot afford, at a moment when the risks of recession are increasing.”

But if some companies are braking for a harmful period of high production cost, others realize a chance.

Drew Green Blot, owner of Marilyn Steel, a metal product based in Baltimore, said the income on imported steel has already promoted its new orders.

He told AFP, “We only use US steel, so we are very excited about prices,” he added, adding that he helped them get a competitor who was using Chinese metal imports.

For the Robert Actis, whose firm uses the Sto Network in construction, the extended scope of the incoming Levies is a relief.

Currently, a business such as its imports for its imports, wire for its imports, facing additional tariff costs. But foreign -made products can enter the US market.

Actus said the incoming levies also covered a range of manufactured metal products, Actis said it was a playground.

But more import costs will spread through the economy.

A major American maker of steel products warned that US steel prices would increase to meet the high costs of foreign goods.

Supply barriers also make items like nails, for example, by increasing prices, for example, the cost of their cost is in the original steel.

In industries like home building, buyers spend more and can transfer costs to consumers, which can make homes less cheaper.