US President Trump follows in the customs dispute with Canada: he now wants to double the planned tariffs on aluminum and steel from the neighboring country from 25 to 50 percent. He also threatened Canada with the “end of his auto industry”.
US President Donald Trump continued to escalate with Canada in the trade conflict he spent. On April 2, he would impose import duties on cars that “would permanently bring automotive production in Canada to a standstill,” said Trump in his online service Truth Social.
Specifically, he announced from Wednesday not only to raise the 25 percent tariffs already planned to import aluminum and steel from Canada, but now 50 percent.
Trump continued that “only reasonable” that Canada can do is “51st state of the United States”. He had threatened Canada shortly before taking office with “economic violence” to implement his plans from a takeover of the northern neighbor in US territory. The US stock market fell promptly after its social media post.
Ontario threatens to turn off electricity
In view of Trump’s aggressive trade policy, the Canadian province of Ontario had increased electricity deliveries to the three US states of Michigan, Minnesota and New York on Monday and described this as a “protest against US tariffs”. Ontarios Prime Minister Doug Ford said that he was not shy about further increases. “If the USA escalate, I will not hesitate to switch off the electricity completely”.
Overall, Trump’s threats against the sovereignty of Canada caused outrage among the Canadians and triggered the formation of a uniform front against such US plans.
Uncertainty on the markets
The European Union is also affected by the tariffs that are to apply from Wednesday. They should also meet states such as Brazil, Mexico and the United Arab Emirates. Due to Trump’s trade policy, there is uncertainty at the global markets, the courses fell in many places.
