Trump Raises Tariffs on Canadian Steel, Aluminum to 50%, Escalating Trade Tensions

[Trump Announces Tariff Increase on Canadian Steel and Aluminum to 50%]

On March 11, 2025, US President Donald Trump announced an increase in tariffs on Canadian steel and aluminum products to 50%, escalating trade tensions between the US and Canada. Trump stated on social media that this move was in response to Ontario imposing a 25% surcharge on electricity exports to certain US states.

Earlier, Ontario Premier Doug Ford announced additional fees on electricity exported to Michigan, Minnesota, and New York, stating that the province's electricity supply supports approximately 1.5 million US households and businesses. Ford warned that if the US further escalates trade measures, a complete cutoff of electricity supply could not be ruled out. The Canadian government has condemned the US tariff measures as "entirely unjustified" and is expected to take countermeasures.