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Indonesia News Portal for Traders | Financial & Business Updates

11 March 2025 23:09  |

Trump imposes additional 25% tariffs on Canada

United States (US) President Donald Trump revealed on his Truth Social account that he is imposing an additional 25% tariff, to 50% on aluminum and steel imports from Canada to the US. He added it would go into effect on March 12 morning.

Trump’s condition for removing tariffs is that Canada drops farm tariffs of 250% to 390% on various US dairy products, as shown in his post. He added that he would declare a national emergency on electricity in New York, Michigan, and Minnesota after Ontario’s premier imposed 25% tariffs on electricity.

Moreover, he threatens to apply duties on cars on April 2.

Sumber : Fxstreet

 

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