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

E

Earl

Well-known member

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





By JOSH BOAK, ROB GILLIES and MICHELLE L. PRICE

Updated 9:19 PM EDT, March 11, 2025


▶ Follow live updates on President Donald Trump and his new administration
WASHINGTON (AP) — 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 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.

The drama delivered a win for Trump but also amplified concerns about tariffs that have roiled the stock market and stirred recession risks. Tuesday’s escalation and cooling in the ongoing trade war between the United States and Canada only compounded the rising sense of uncertainty of how Trump’s tariff hikes will affect the economies of both countries.
apnews.com

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

President Donald Trump’s threat to double his planned tariffs on steel and aluminum from 25% to 50% for Canada has led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States.
apnews.com apnews.com
 
Canada is holding a pair of jacks,........Meanwhile POTUS is holding a royal flush. Canada can bluff all they want to but at any time POTUS can just push all the chips in and drop that hand on the table and the jig is up. Canada like the Libtards of America will learn too. POTUS is now dealing in behavioral modification both at home and abroad. There's a new Sheriff in town boys and this one will hang your ass in the public square without batting an eye.
 
Earl said:
So, this "The drama has made a recession unavoidable" has changed to "I guess we will see."
Click to expand...
I (and just about every economist) say the drama of changing policies has delayed investment and made a recession unavoidable. You say it will be fine. I guess we will see.
 
Stone said:
Canada is holding a pair of jacks,........Meanwhile POTUS is holding a royal flush. Canada can bluff all they want to but at any time POTUS can just push all the chips in and drop that hand on the table and the jig is up. Canada like the Libtards of America will learn too. POTUS is now dealing in behavioral modification both at home and abroad. There's a new Sheriff in town boys and this one will hang your ass in the public square without batting an eye.
Click to expand...
Not to worry, Stone, these far left loons are now basing their 2026 run on, "President Trump does not know how to tie a tie.

Our Republic is safe.
 
Walt said:
I (and just about every economist) say the drama of changing policies has delayed investment and made a recession unavoidable. You say it will be fine. I guess we will see.
Click to expand...
So, it's not "unavoidable, Rarely Right Walter...as you posted.

Do you understand now why you have the appellation (I love that word) "Rarely Right Walter"?
 
You must log in or register to reply here.
Back
Top