In a recent move, US President Donald Trump has raised tariffs on Canadian steel and aluminum imports to 50%, attributing this decision to Ontario’s electricity price increases. The aftermath of this tariff hike has been felt in the US stock market, causing worries about a potential economic slowdown and the looming risk of recession. Economists are cautioning about potential inflation and growth obstacles as a result of these tariffs, while the White House is highlighting the positive impact on job opportunities and increased investments in American factories. President Trump’s decision has stirred up concerns and discussions about the future of trade relations between the US and Canada, with implications for global markets. This move comes amidst existing trade tensions between the two countries and raises questions about the broader implications for international trade dynamics. Stay tuned for more updates on this developing story.