Once again, the United States has increased tariffs on steel and aluminum products imported from Canada to 50%. On March 11 local time, President Trump stated that he has instructed the Secretary of Commerce to impose an additional 25% tariff on all steel and aluminum products from Canada, bringing the tariff level on all steel and aluminum entering the United States from Canada to 50%, effective March 12 at 8 AM.

Everyone, the tariff trade war is escalating; short selling is the way to go. Recently, it is highly likely to test the lows of 73000, 72000, or even 70000.