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Trump: Raise tariffs to 50%, effective immediately! Trump: I've changed my mind again!
Mar 12,2025
On March 11, the international economic and trade scene was rocked by the news - US President Donald Trump made a haughty statement on social media, declaring that he had given instructions to the Commerce Secretary. To give Canada a "heavy tariff fist": impose a further 25% tariff on all imported steel and aluminum products in Canada. Under this "combo," the total U.S. tariff rate on Canadian steel and agriculture will balloon to 50% and threaten to take effect the next morning.
Recalling that on February 10, Trump signed an executive order imposing 25% tariffs on global imports of steel and aluminum, and also canceled the original duty-free benefits of some trading partners. Among them, Canada is the "number one" importer of steel in the United States, and nearly one in four imported steels by weight comes from Canada. In terms of aluminum metal supply, Canada is even more prominent and is the largest source of primary aluminum raw materials in the United States.
But in March, the fighting escalated. Trump has also focused on Canadian electricity exports, accusing Canada of imposing 25% tariffs on electricity imports to the United States in a social media post and vowing to declare a national electricity emergency in relevant areas.
Not only that, but he also took aim at Canada's dairy tariffs, Demanding that it immediately repeal tariffs of up to 250% to 390% on all kinds of dairy products in the United States, Canada even issued the ultimate threat: if it does not relent, it will significantly increase tariffs on U.S. imported cars on April 2, bluntly saying that it will completely "cool down" the Canadian auto industry.
How can Canada swallow Trump's "tariff bombing"? Ontario Premier Doug Ford quickly stepped forward with a strong response:“We're not going to shy away. we have to fight back! Trump's unwarranted provocation is hurting the livelihoods of our citizens and must not be accepted.”
On the eve of the United States announced the imposition of additional duties, that is, on March 10, the government of Ontario, Canada, decisive moves to the United States, Michigan, Minnesota and New York, a 25% surcharge on exports of electricity. The strategy was immediately effective, bringing in about 400,000 Canadian dollars a day to Ontario, but on the other hand, 1.5 million homes and businesses in the three U.S. states were forced to face rising electricity bills.
The governor of Ford has also been outspoken, lambasting Trump's tariffs as a "mine" to the U.S. economy that will only make life harder for American families and businesses. At the same time, the governor of the Canadian province of British Columbia, David Abbey, joined the "Corps," The announcement on the 10th that all U.S.-made alcohol drinks will be removed from liquor stores in the province has good reasons: both in response to the repeated U.S tariff threats and a serious protest against the outlandish rhetoric of Trump's redrawing of borders.
Just as everyone thought a "war" on US-Canada trade was imminent, the plot suddenly took a 180-degree turn. Later in the day, Axios, a US time-affairs news website, revealed a powerful revelation: White House trade adviser Navarro urgently spoke out, saying that the additional 25% tariffs that the US had originally planned to impose on Canadian steel and aluminum were not yet effective.
The anti-transfer market was stunned, as Wall Street analysts re-evaluated the Trump administration's economic strategy, worried that the series of tariffs were so unpredictable that they could plunge the U.S. economy into stagnation or even recession.
As GlobalData TS Lombard's chief economist puts it, the market is back on recession-watch.
The Associated Press also commented that at a time when the U.S.-Canada trade conflict continues to have a "high fever," the drama from fighting to emergency cooling on March 11 has made people increasingly puzzled about how Trump's tariffs will rewrite the economic landscape of the two countries, and the world's eyes are focused on this, awaiting the next development.
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