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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Should l Buy ?
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.
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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.
