On Monday, Ford confirmed a 25% tax increase would be placed on electricity exported from Canada to the U.S., In another social media post Tuesday, Trump threatened Canada for the move, saying the country ”will pay a financial price for this so big that it will be read about in History Books for many years to come!”

The U.S. stiock market has dropped considerably over the last week amid concerns over the impacts of President Donald Trump's proposed tariffs.

Donald Trump never told voters there might be a recession on the road to his new “golden age.” The president’s refusal – twice – to rule out an economic contraction this year set off a stock market plunge on Monday that hammered Americans’ retirement accounts.