{"id":129584,"date":"2025-03-11T19:27:56","date_gmt":"2025-03-11T19:27:56","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-doubles-tariffs-on-canadian-metals-causing-ontario-to-back-down-on-electricity-price-hikes-the-associated-press\/"},"modified":"2025-03-11T19:27:56","modified_gmt":"2025-03-11T19:27:56","slug":"trump-doubles-tariffs-on-canadian-metals-causing-ontario-to-back-down-on-electricity-price-hikes-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-doubles-tariffs-on-canadian-metals-causing-ontario-to-back-down-on-electricity-price-hikes-the-associated-press\/","title":{"rendered":"Trump doubles tariffs on Canadian metals, causing Ontario to back down on electricity price hikes – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
Ontario Premier Doug Ford says he will delay energy tariffs on U.S.
Wall Street\u2019s sell-off is slowing on Tuesday, for now at least, following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high.
President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Friday, March 7, 2025. (Pool via AP)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
Ontario Premier Doug Ford says he will delay energy tariffs on U.S.
Wall Street\u2019s sell-off is slowing on Tuesday, for now at least, following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high.
President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Friday, March 7, 2025. (Pool via AP)
President Donald Trump delivers remarks in the Oval Office of the White House in Washington, Friday, March 7, 2025. (Pool via AP)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Alex Brandon)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
White House press secretary Karoline Leavitt speaks with reporters in the James Brady Press Briefing Room at the White House, Tuesday, March 11, 2025, in Washington. (AP Photo\/Evan Vucci)
▶ Follow live updates on President Donald Trump and his new administration<\/a><\/span>
WASHINGTON (AP) \u2014 President Donald Trump<\/a><\/span> said Tuesday that he would double his planned tariffs<\/a><\/span> on steel and aluminum from 25% to 50% for Canada, a retaliation that prompted the provincial government of Ontario to back down on its planned surcharges on electricity sold to the United States.
Tuesday\u2019s escalation and retreat in the ongoing trade war between the United States and Canada only compounded the rising sense of uncertainty in terms of how Trump\u2019s tariff hikes will play out. His spate of tax increases on imports and plans for more have roiled the stock market and stirred up recession risks.
Trump said on social media that the increase of the tariffs<\/a><\/span> set to take effect on Wednesday is a response to the 25% price hike that Ontario put on electricity<\/a><\/span> sold to the United States.
\u201cI have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD,\u201d Trump posted on Truth Social.
Ontario Premier Doug Ford said on Tuesday afternoon that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove the surcharge. He said he was confident that the U.S. president would also stand down on his own plans for 50% tariffs on Canadian steel and aluminum.
\u201cHe has to bounce it off the president but I\u2019m pretty confident he will pull back,\u201d Ford said on Trump\u2019s steel and aluminum tariff threat. \u201cBy no means are we just going to roll over. What we are going to do is have a constructive conversation.\u201d<\/p>\n

After a brutal stock market selloff<\/a><\/span> on Monday and further jitters Tuesday<\/a><\/span>, Trump faces increased pressure to show he has a solid plan to grow the economy. So far the president is doubling down on the tariffs he talked up repeatedly during the 2024 campaign and can point to Tuesday\u2019s drama as evidence that taxes on imports are a valuable negotiating tool, even if they can generate turmoil in the stock market.
AP Washington correspondent Sagar Meghani reports on a growing trade war with Canada.
The U.S. president has given a variety of explanations for his antagonism of Canada, saying that his separate 25% tariffs are about fentanyl smuggling and voicing objections to Canada putting high taxes on dairy imports that penalize U.S. farmers. He also continued to call for Canada to become part of the United States<\/a><\/span> as a solution, which has infuriated Canadian leaders.
\u201cThe only thing that makes sense is for Canada to become our cherished Fifty First State,\u201d Trump posted Tuesday. \u201cThis would make all Tariffs, and everything else, totally disappear.\u201d
Incoming Canadian Prime Minister Mark Carney<\/a><\/span> said his government will keep tariffs in place until Americans show respect and commit to free trade after Trump threatened historic financial devastation for his country.
Carney, who will be sworn in as Justin Trudeau\u2019s replacement in coming days, said Trump\u2019s latest tariffs are an attack on Canadian workers, families and businesses.
\u201cMy government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade,\u201d Carney said in a statement.
Canadian officials are planning retaliatory tariffs in response to Trump\u2019s specific steel and aluminum tariffs. Those are expected to be announced Wednesday.
Carney was referring to an initial $30 billion Canadian (US$21 billion) worth of retaliatory tariffs that have been applied on items like American orange juice, peanut butter, coffee, appliances, footwear, cosmetics, motorcycles and certain pulp and paper products.
Ontario Premier Doug Ford, after responding to Trump by raising electricity prices, said Tuesday on MSNBC that the people and business leaders in the U.S. need to speak up against the \u201cchaos\u201d caused by Trump\u2019s launching of a trade war.
\u201cIf we go into a recession it\u2019s self made by one person. It\u2019s called President Trump\u2019s recession,\u201d Ford said. \u201cIt shouldn\u2019t be this way. We should be booming, both countries.\u201d
Trump condemned the use of electricity \u201cas a bargaining chip and threat,\u201d saying in a separate social media post that Canada \u201cwill pay a financial price for this so big that it will be read about in History Books for many years to come!\u201d
Ontario provides electricity to Minnesota, New York and Michigan, and Trump pledged to declare a national emergency in those states.
Trump also has targeted Mexico with 25% tariffs because of his dissatisfaction over drug trafficking and illegal immigration, though he suspended the taxes on imports that are compliant with the 2020 USMCA trade pact for one month.
Asked if Mexico feared it could face the same 50% tariffs on steel and aluminum as Canada, President Claudia Sheinbaum, said \u201cNo, we are respectful.\u201d
Trump was set to deliver a Tuesday afternoon address to the Business Roundtable, a trade association of CEOs that during the 2024 campaign he wooed with the promise of lower corporate tax rates for domestic manufacturers. But his tariffs on Canada, Mexico, China, steel, aluminum \u2014 with plans for more to possibly come on Europe, Brazil, South Korea, pharmaceutical drugs, copper, lumber and computer chips \u2014 would amount to a massive tax hike.
The stock market\u2019s vote of no confidence over the past two weeks puts the president in a bind between his enthusiasm for taxing imports and his brand as a politician who understands business based on his own experiences in real estate, media and marketing.
Harvard University economist Larry Summers, a former treasury secretary for the Clinton administration, on Monday put the odds of a recession at 50-50.
\u201cAll the emphasis on tariffs and all the ambiguity and uncertainty has both chilled demand and caused prices to go up,\u201d Summers posted on X. \u201cWe are getting the worst of both worlds – concerns about inflation and an economic downturn and more uncertainty about the future and that slows everything.\u201d
The investment bank Goldman Sachs revised down its growth forecast for this year to 1.7% from 2.2% previously. It modestly increased its recession probability to 20% \u201cbecause the White House has the option to pull back policy changes if downside risks begin to look more serious.\u201d
Trump has tried to assure the public that his tariffs would cause a bit of a \u201ctransition\u201d to the economy, with the taxes prodding more companies to begin the years-long process of relocating factories to the United States to avoid the tariffs. But he set off alarms in an interview broadcast on Sunday in which he didn\u2019t rule out a possible recession.
\u201cI hate to predict things like that,\u201d Trump said on Fox News Channel\u2019s \u201cSunday Morning Futures.\u201d \u201dThere is a period of transition, because what we\u2019re doing is very big. We\u2019re bringing wealth back to America. That\u2019s a big thing. .. It takes a little time. But I don\u2019t \u2014 I think it should be great for us. I mean, I think it should be great.\u201d
The promise of great things ahead did not eliminate anxiety, with the S&P 500 stock index tumbling 2.7% on Monday in an unmistakable Trump slump that has erased the market gains that greeted his victory in November 2024. The S&P 500 index fell roughly 1% in Tuesday afternoon trading.
White House press secretary Karoline Leavitt played down the recent stock market declines as \u201ca snapshot of a moment in time\u201d and said that those looking for greater economic \u201ccertainty\u201d ought to \u201clook at the record of this president.\u201d
Trump has long relied on the stock market as an economic and political gauge to follow, only to look past it as he remains determined so far to impose tariffs. When he won the election last year, he proclaimed that he wanted his term to be considered to have started Nov. 6, 2024 on Election Day, rather than his Jan. 20, 2025 inauguration, so that he could be credited for post-election stock market gains.
Trump also repeatedly warned of an economic freefall if he lost the election.
\u201cIf I don\u2019t win you will have a 1929 style depression. Enjoy it,\u201d Trump said at an August rally in Pennsylvania.
Leavitt is one of three administration officials who face a lawsuit from The Associated Press on First- and Fifth-amendment grounds. The AP says the three are punishing the news agency for editorial decisions they oppose. The White House says the AP is not following an executive order to refer to the Gulf of Mexico as the Gulf of America.
Fabiola Sanchez contributed to this report from Mexico City. Gillies reported from Toronto.<\/p>\n

Copyright 2025 The Associated Press. All Rights Reserved.<\/p>\n

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Copyright 2025 The Associated Press. All Rights Reserved.Ontario Premier Doug Ford says he will delay energy tariffs on U.S.Wall Street\u2019s sell-off is slowing on Tuesday, for now at least, following a scary stretch where worries about the economy and tariffs sent it close to 9% below its all-time high.President Donald Trump delivers remarks in the […]<\/p>\n","protected":false},"author":1,"featured_media":129585,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-129584","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=129584"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129584\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/129585"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=129584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=129584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=129584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}