CNN 5 Things Trade war ramps up, Government funding vote, Greenland election & more
Mar 11, 2025
Tensions rise as President Trump doubles tariffs on steel and aluminum from Canada, escalating the trade war. A crucial vote on government funding looms in the House. Meanwhile, a federal judge rules that USAID contractors must be compensated, highlighting the impact of halted aid. CNN’s Dr. Sanjay Gupta reflects on the five-year milestone of the COVID-19 pandemic. Additionally, the geopolitical stakes of the upcoming Greenland election are discussed, showcasing the area's growing significance.
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Trade War Escalation
- President Trump doubled tariffs on Canadian aluminum and steel, escalating trade tensions.
- This action is expected to increase prices for American consumers and potentially lead to US plant closures.
Impact on US Aluminum Production
- Doug Ford points out that the US lacks the capacity to produce enough aluminum domestically.
- Increased tariffs will burden American consumers and potentially shutter US assembly plants.
Retaliatory Tariffs on Electricity
- Trump matched Ontario Premier Doug Ford's 25% tariff on electricity from three US states.
- Ford threatened to cut off electricity to the US entirely in a CNBC interview.