Donald Trump has indeed imposed a 50% tariff on Canadian steel, but here's the context: this decision was made in response to the Canadian province of Ontario imposing a 25% tariff on electricity exports to the US.¹
Initially, Trump had announced a 25% tariff on all steel and aluminum imports, including those from Canada, set to take effect on March 12, 2025.² However, he later doubled the tariff on Canadian steel and aluminum to 50%, citing Ontario's electricity tariff and Canada's existing tariffs on US dairy products, which Trump deemed "outrageous".
It's worth noting that Trump's tariffs have been part of his broader trade agenda, aiming to address issues like trade deficits, intellectual property protection, and national security concerns.