The White House said 25% tariffs on steel and aluminum would take effect on Canada and other nations, as President Donald Trump backed off a threat to impose 50% duties on the largest US trading partner’s metals.
“Pursuant to his previous executive orders, a 25% tariff on steel and aluminum with no exceptions or exemptions will go into effect for Canada and all of our other trading partners at midnight, March 12th,” White House spokesperson Kush Desai said in a statement.
Trump earlier Tuesday had suggested he would double the metal tariffs for Canada in retaliation for Ontario imposing a 25% surcharge on electricity sent to US states. That threat launched a market slide, intensifying weeks of volatility, and ramping up the cloud of uncertainty hanging over major North American industries.
Ontario Premier Doug Ford and US Commerce Secretary Howard Lutnick, though, announced the Canadian province…
