Donald Trump doubles tariffs on Canadian steel, aluminium to 50% as trade war intensifies

News Snapshot:

President Donald Trump has announced plans to double the tariffs on Canadian steel and aluminium imports from 25% to 50%, significantly escalating the ongoing trade tensions between the United States and its northern neighbour, Canada. This move is seen as a retaliatory measure against Ontario's recent imposition of a levy on electricity imports from the US. The tariffs are set to take effect on Wednesday. “I have instructed my Secretary of Commerce to add an ADDITIONAL 25 per cent Tariff, to 50 per cent, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST...