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Trump Slaps Canada With 50% Tariffs, Drops ‘Shut Down Auto Industry’ Bombshell, Wall Street Sinks

| Mar 12, 2025, 12:31:24 AM | TOI.in
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President Trump has doubled tariffs on Canadian steel and aluminum to 50% in retaliation for Ontario’s recent levy on U.S. electricity imports. The move has intensified trade tensions, with markets reacting sharply. Trump defended the decision, claiming it was necessary to counter what he calls Canada’s unfair trade practices.

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