The president, in a lengthy post on his Truth Social account on Tuesday, also threatened to ‘permanently shut down’ the Canadian auto sector.<\/p>\n
The only thing to make his tariffs stop is for Canada to become the 51st state, he noted as he ramps up his trade war.<\/p>\n
In response, the\u00a0stock market<\/a><\/span>\u00a0dropped over 500 points as nervous investors worry about a potential recession.<\/p>\n The increase in tariffs, from 25% to 50%, will go into affect on Wednesday, Trump said.<\/p>\n ‘Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,’ Trump declared.<\/p>\n ‘I will shortly be declaring a National Emergency on Electricity within the threatened area,’ he added.<\/p>\n Ontario Premier Doug Ford put a 25% tariff on Canadian electricity to\u00a0Michigan<\/a><\/span>, New York and\u00a0Minnesota<\/a><\/span>\u00a0on Monday in response to earlier tariffs from Trump.<\/p>\n Ford, a conservative politician who runs\u00a0Canada<\/a><\/span>‘s most populous province, says he’s ready to ‘shut the electricity off completely’ if America continues to ‘escalate.’<\/p>\n Trump’s fury continued in a second post to his Truth Social account, where he warned Canada will pay a historically big ‘financial price’ for its electricity tariff. Many states in the Northeast buy supplemental energy from Canada.<\/p>\n ‘Why would our Country allow another Country to supply us with electricity, even for a small area? Who made these decisions, and why? And can you imagine Canada stooping so low as to use ELECTRICITY, that so affects the life of innocent people, as a bargaining chip and threat? They will pay a financial price for this so big that it will be read about in History Books for many years to come!,’ Trump raged.<\/p>\n President Donald Trump ramps up trade war with Canada<\/p>\n The president spent much of Tuesday hammering America’s northern neighbor.<\/p>\n He also warned more auto tariffs are coming on April 2nd. He wants Canada to drop its retaliatory tariffs on U.S. dairy and agricultural products.<\/p>\n ‘If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada,’ he said.<\/p>\n He closed with an offer to drop all tariffs if Canada agrees to become the 51st state of the United States.<\/p>\n ‘The only thing that makes sense is for Canada to become our cherished Fifty First State. This would make all Tariffs, and everything else, totally disappear,’ he wrote.<\/p>\n The markets have shown their unhappiness with Trump’s economic decisions.<\/p>\n On Monday, there were fears a recession would be sparked when the markets tanked, resulting in\u00a0Nasdaq Composite’s biggest loss since 2022.<\/p>\n There are more targets on Canada.<\/p>\n Canadians who are in the United States for 30 days or longer will soon have to register their information with the United States government, ABC News reported.<\/p>\n They also will have to fingerprinted starting on April 11, according to a new government rule, which is expected to be posted on the federal register Wednesday.<\/p>\n Trump’s ramp up of the trade war with Canada comes after\u00a0Ottawa’s retaliation to U.S. tariffs imposed last week.<\/p>\n He’ll get a chance to defend his latest round of tariffs when he speaks to the Business Roundtable, a trade association of CEOs, on Tuesday evening.<\/p>\n He has argued his tariffs are a transition but also wouldn’t rule out a potential recession.<\/p>\n ‘I hate to predict things like that,’ Trump said on Fox News Channel’s Sunday Morning Futures<\/p>\n ‘There is a period of transition, because what we’re doing is very big. We’re bringing wealth back to America. That’s a big thing. And there are always periods of \u2014 it takes a little time. It takes a little time. But I don’t \u2014 I think it should be great for us. I mean, I think it should be great.’<\/p>\n While Trump has said the tariffs are focused on stopping fentanyl trafficking into the United States, they have had a quick impact on the stock market and economy.<\/p>\n Continuing his combative rhetoric towards Canada since retaking office,\u00a0Trump this week accused outgoing Prime Minister Justin Trudeau of using the drama surrounding their tariff war<\/a><\/span>\u00a0to try and ‘stay in power.’<\/p>\n Trudeau announced his resignation in January, but in an explosive call on Wednesday between the two leaders, Trump\u00a0claimed he tore into his northern counterpart.<\/a><\/span><\/p>\n![\"\"](\"https:\/\/i.dailymail.co.uk\/1s\/2025\/03\/11\/15\/96070491-14486299-image-a-1_1741708734763.jpg\")
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![\"Ontario](\"https:\/\/i.dailymail.co.uk\/1s\/2025\/03\/11\/15\/96052931-14486299-Ontario_Premier_Doug_Ford_followed_through_on_a_promise_to_put_a-a-4_1741708734932.jpg\")
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