Trump Doubling Tariffs On Canadian Steel And Aluminum In Retaliation For Ontario Electricity Charges
1. Trump announced a 50% tariff on all Canadian steel and aluminum products. 2. A national emergency on electricity was declared, impacting multiple states. 3. Tariff threats could permanently shut down Canadian automobile manufacturing. 4. Canada retaliated with a 25% tariff on $20.7 billion worth of U.S. goods. 5. Recent tariff actions triggered significant stock market selloff, including S&P 500.