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Trump says steel, aluminum tariffs will soar after Ontario electricity tax
After initially threatening to raise tariffs on Canadian steel and aluminum to 50% in response to Ontario's electricity tariff on U.S. imports, President Trump decided to maintain the existing 25% tariff following Ontario Premier Doug Ford's decision to remove the electricity surcharge. Trump praised Ford, while the White House stated Trump used economic leverage to secure a win for America. The 25% tariff on steel and aluminum will still take effect, impacting Canada and other trading partners.
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