Shares resume their slide after announcement on social media
President Trump initially threatened to double tariffs on Canadian steel and aluminum to 50% and increase tariffs on automobile parts, fueled by Canada's planned retaliation with tariffs on US goods and electricity exports. However, he later walked back the threat to the previously announced 25% rate after Ontario suspended its electricity surcharge plans. The fluctuating nature of Trump's trade war continues to disrupt industry and markets, with potential for more tariffs on various products.
