
Confused about tariff deadlines? Here’s what we know right now
OTTAWA — The trade war between the U.S. and Canada took another turn Tuesday as U.S. President Donald Trump vowed to double the tariff on steel and aluminum imports coming from Canada in response to Ontario’s surcharge on electricity exports.
Trump said 50 per cent tariffs will be placed on Canadian steel and aluminum starting Wednesday, up from the 25 per cent tariffs that had been expected to apply to those materials.
The latest escalation comes amid the backdrop of a larger fight which last week saw Trump hit Canada with broader tariffs before partially pausing them for a month. Canada responded with retaliatory tariffs, and markets have fallen as investors brace for the economic impact the duties will have on both sides of the border.
Canadians confused about Trump’s plans aren’t alone, with the U.S. president at times contradicting himself about his own tariff promises.