Trump announces new tariffs on Canadian steel, aluminum By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 11 2025
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Source: Investing.com
Trump's Tariff Increase: President Trump announced a significant increase in tariffs on steel and aluminum imports from Canada, raising the duty to 50% effective March 12th, in response to Canada's own tariffs on U.S. electricity and dairy products.
Response from Canada: Ontario Premier Doug Ford criticized Trump's actions as an unprovoked trade war and stated that Canada will not back down until the threat of tariffs is eliminated.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
