Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes

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President Donald Trump 's threat on 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, the White House trade adviser Peter Navarro said the U.S. president pulled back on his doubling of steel and aluminum tariffs, even as the federal government still plans to place a 25% tariff on all steel and aluminum imports starting Wednesday.

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The biggest, most beautiful recession we've ever seen. Some may even call it a great depression. People are coming to me with tears in their eyes saying, 'Sir, thank you, sir. Thank you for the recession, sir.' 🤣🤣 No one can turn a recession into a depression like me, a lot of people are saying that!!

canuck
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tariff on, tariff off, this is concepts of a plan

genxunclekey
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Yeah. That 50% tariff on metals ended all that electricity talk...

faustman
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“Edging” might legit become an economic term used to describe this year.

lifevest
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And with this BS he wants companies to invest in the US. He doesn’t understand that investment requires stable market not tariff on - tariff off. And yet people still call him smart!😢😢

rahmath
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Thats what we thought Ontario.... Canada. Hope the American people realize this is part of a bigger plan.
Oh Canada cannot win here.

Toneloc
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lol the United States needs to take a lesson and divest our power dependence OFF of Canada ... they want to play games like that then let's learn now and not give them another opportunity to use that against the USA

damongang
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Where r the cheaper groceries groceries he promised us on day one?

later_daze_
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Today was a great analysis by Geletaw and Mesay.

mekuriagize
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Ford can skip all the way down to Washington DC and ask for forgiveness.👗👠

Pitchithard
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It's the typical actions of trying to create frar with the people inorder to bully what they want.

DuaneBettger
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My deepest sympathies to Americans who are in mourning over the death of reason, intelligence, science, decency, and morality - all in the name of retribution and making a buck.

catjanco
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Can you imagine being an affected business trying to plan ahead, sign contracts etc with this chaos happening day after day? Sign a contract to buy overpriced aluminum from Australia because your regular supply from Canada will cost 50% more and then the next day the Canadian tarriff is called off and your #1 competitor can now undersell you because they waited a couple of days. Geez.

bluesheet
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Vietnamese here. Hope Trump focuses on holding China down rather than becoming the next big bully. I see enough of people talking about peace and do exactly the opposite.

nguyenxuannguyentrinh
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Come on, Canadians! Do you really think liberals have become nationalists and patriots all of a sudden?

mmntricker
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Canada and all Americans allies know now trumps word isn’t worth a dime. And they will not forget.

kiwidreams
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Ford needs to pull the plug PERIOD.
You can’t negotiate with ignorant bullies like Trump, they only understand “might makes right”.
Canada is a sovereign nation, Dump’s rhetoric is not just disrespectful, it’s unacceptable.

leaharchambault
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Why isn’t Trump meeting Ford or why didn’t Trump call him?? His jokers are trying to clean his mess

Grace
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Will somebody please wake me up after Trump is no longer president. Thank you very much.😊

charlenemack
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I believe Ontario PM should refuse any talks until we USA completely cancel all talks about tariff, no more negotiations and put every thing as it was or end relation between both.

dansul