President Trump ordered an additional 25% tariff on Canadian steel and aluminum imports Tuesday in response to Ontario charging Americans in parts of three border states 25% more for electricity.
The tariff will go into effect Wednesday morning and bring the total US levy on Canadian steel and aluminum to 50% of those commodities’ prices.
Trump, 78, also demanded that Canada eliminate their 250% to 390% tariff on various American dairy products when purchases exceed a limit the president previously negotiated during his first term, and threatened to decimate the auto industry of America’s northern neighbor.
The president’s proclamation further rattled uneasy stock markets, with the Dow Jones Industrial Average plummeting nearly 600 points before regaining some ground in late-morning…
