US President Donald Trump has today announced massive new tariffs on Canadian steel and aluminium, while threatening to “shut down” its car industry and saying the best way to end the trade war was for Washington’s ally to be absorbed into the US.
Trump’s shock new threats came hours before a midnight deadline for ramping up the Republican’s increasingly global trade offensive.
On his Truth Social platform, Trump announced that he would increase tariffs on Canadian steel and aluminium imports by an additional 25% for a total of 50% duties on those commodities from its neighbour.
This is in addition to tariffs of 25% on steel and aluminium imports from around…