Published 1 day ago • loading... • Updated 4 hours ago

Trump Administration Nixes 50% Tariff Plan on Canadian Steel and Aluminum

President Donald Trump announced a doubling of tariffs on Canadian steel and aluminum to 50%, but later backtracked to maintain a 25% tariff, according to White House Trade Adviser Peter Navarro.
Canadian Premier Doug Ford confirmed that U.S. Commerce Secretary Howard Lutnick contacted him, leading to the removal of the surcharge on Ontario's electricity sold to the U.S., showing diplomacy to mitigate tariff conflicts.
Incoming Canadian Prime Minister Mark Carney stated that his government will keep tariffs until the U.S. Demonstrates respect and commitment to fair trade, voicing concerns about an 'attack on Canadian workers.'
Goldman Sachs revised down its growth forecast for the U.S. And increased recession probability to 20% due to overall tariff impacts on the economy.

Insights by Ground AI

Does this summary seem wrong?

136 Articles

All

Left

Center

Right

Inquirer

+3 Reposted by 3 other sources

Trump halts doubling of tariffs on Canadian metals

WASHINGTON, United States — President Donald Trump’s threat Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States. As a result, White House trade adviser Peter Navarro said the U.S. president

4 hours ago·Manila, Philippines

Read Full Article

Meduza

Trump canceled the introduction of additional duties of up to 50% on steel and aluminum from Canada

US President Donald Trump has canceled the imposition of duties of up to 50% on imports of Canadian steel and aluminum, CNBC reported referring to Peter Navarro, the White House's chief trade adviser.

4 hours ago·Riga, Latvia

Read Full Article

Benzinga

Trump Scraps 50% Tariff Hike On Canadian Steel, Aluminum After Lutnick Talks With Ontario Premier - SPDR Dow Jones Industrial Average ETF (ARCA:DIA)

President Donald Trump has canceled plans to increase tariffs on Canadian steel and aluminum imports to 50%, White House trade advisor Peter Navarro confirmed on Tuesday. What Happened: The reversal came hours after Trump announced the tariff hike in response to Ontario’s 25% tax on electricity exports to the U.S., which itself was retaliation for Trump’s earlier 25% tariffs on Canadian imports. “We’re not going to see 50% tariffs come tomorrow,…

9 hours ago·New York, United States

Read Full Article

CGTN

U.S. reverses extra 25% tariffs on Canadian steel, aluminum

The United States on Tuesday reversed its plan to impose extra 25 percent tariffs on Canadian steel and aluminum, after the Canadian province of Ontario dropped tariffs on electricity exports to three U.S. states.

9 hours ago·Beijing, China

Is Trump Committing an Unforced Error Here?

11 hours ago

Read Full Article

La Nación, Grupo Nación

Trump reverses Canada’s massive tariff hike to steel industry

Washington. The relationship between Canada and the United States tightened again this Tuesday, when U.S. President Donald Trump threatened his neighbor to double the tariffs on his steel industry before backing back hours later.In the morning, the president announced on his Social Truth network that he would double the customs duties on Canadian steel and aluminium that will enter into force on Wednesday, passing them from 25% to 50%. He reacte…

12 hours ago

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year