Trump escalates trade war; doubles tariffs on Canada steel, aluminum

US President Donald Trump on Tuesday increased his trade war with Canada, and Canada’s Ontario provincial leader said he was adding 25 % to the electricity sold to 1.5 million US consumers.

In an All Caps Post on his truthful social media platform, Trump called Canada “one of the highest tariffs in the world anywhere.” The president said that the prices of American steel and aluminum will double on Wednesday morning.

In addition, Trump demanded that Ottawa “immediately drop the prices of his anti -American farmer on various US dairy products, from 250 % to 390 percent, which has long been considered provocative.”

Trump incited the economic war with Canada last week, usually after Mexico, a tough ally and the second largest US trading partner, first delaying the tariff on all products exported to the United States for a month. Trump said he was pressing Canada to further prevent the flow of immigrants and illegal drugs, especially the deadly opium fantasy.

The outgoing Canadian Prime Minister Justin Trudeau retaliated, announcing a growing tax on US exports. Subsequently, Ontario Provincial Leader, Dougford, said that on Monday, he was charging 25 % more to send residential and business consumers to three North American states for electricity that Border Canada: Michigan, Minnesota and New York.

“I will not hesitate to increase this charge. If the United States grows, I will not hesitate to completely shut down the electricity, “Ford said at a news conference in Toronto.

He added, “Believe me when I say I don’t want to do it. I feel terrible for the American people, who have not started this trade war. This is a person who is responsible. He is President Trump.

Ford said with Canada’s extra duty, US residential bills in all three states will increase about $ 69 a month.

In his social media posting, Trump replied that he would soon announce the national emergency in a dangerous area. This will allow the United States to do what it has to do to remove this unpleasant threat from Canada.

Trump announced, “If other unpleasant, long tariffs have not been dropped by Canada, I will increase the prices of cars in the United States on April 2, which will inevitably shut down the automobile manufacturing business in Canada.” “Those cars can be easily built in the United States!”

Trump also renewed his designs about making Canada the 51st US state.

He claimed that “this would eliminate all the rates and everything completely.” “Canada’s taxes will decrease drastically, they will not be more secure, militarily and otherwise, northern border problems, and the world’s largest and most powerful nation will be much bigger, better and stronger than ever – and Canada will be a big part of it.”

He suggested that Canada’s national anthem, “A Canada” can still be sung, “but now is now representing a great and powerful state within the greatest nation that the world has seen so far!”

Trump’s tariff trade wars with Canada and Mexico, which he had targeted last week with 25 % levy on exports before delay, sent shocks via Wall Street.

The stock index is dubbed for days, and wiped the widespread benefits of the market Rich Americans with many minor benefits for everyday investors.

After the rapid losses in the three major US stock index on Monday, markets lost more ground in the initial trade on Tuesday but not much. After a 2 percent point on Monday, the Bell Viter Dow Jones average 30 key stock was nearly about one percent.