{"id":129596,"date":"2025-03-11T21:28:59","date_gmt":"2025-03-11T21:28:59","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/trump-halts-doubling-of-tariffs-on-canadian-metals-after-ontario-suspends-electricity-price-hikes-the-associated-press\/"},"modified":"2025-03-11T21:28:59","modified_gmt":"2025-03-11T21:28:59","slug":"trump-halts-doubling-of-tariffs-on-canadian-metals-after-ontario-suspends-electricity-price-hikes-the-associated-press","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/trump-halts-doubling-of-tariffs-on-canadian-metals-after-ontario-suspends-electricity-price-hikes-the-associated-press\/","title":{"rendered":"Trump halts doubling of tariffs on Canadian metals, after Ontario suspends electricity price hikes – The Associated Press"},"content":{"rendered":"

Copyright 2025 The Associated Press. All Rights Reserved.
Ontario Premier Doug Ford said on Tuesday afternoon that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove planned surcharges on electricity sold to the United States.
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)
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 said on Tuesday afternoon that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove planned surcharges on electricity sold to the United States.
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)
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> \u2018s threat on Tuesday to double his planned tariffs<\/a><\/span> 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.
The drama on Tuesday delivered a win for Trump but also amplified concerns about tariffs that have roiled the stock market and stirred recession risks. Tuesday\u2019s escalation and cooling in the ongoing trade war between the United States and Canada only compounded the rising sense of uncertainty of how Trump\u2019s tariff hikes will affect the economies of both countries.
Trump shocked markets Tuesday morning by saying that the increase of the tariffs<\/a><\/span> set to take effect on Wednesday had been 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.<\/p>\n

\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
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 tariffs 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.
Trump suggested Tuesday that tariffs were critical for changing the U.S. economy, regardless of stock market gyrations.
The U.S. president has given a variety of explanations for his antagonism of Canada. He has said that his separate 25% tariffs on all imports from Canada, some of which are suspended for a month, 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.
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, 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.
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.
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 0.2% in Tuesday afternoon trading, paring earlier losses after Ontario backed down on electricity surcharges.
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.
Associated Press writer 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 said on Tuesday afternoon that U.S. Commerce Secretary Howard Lutnick called him and Ford agreed to remove planned surcharges on electricity sold to the United States.Wall Street\u2019s sell-off is slowing on Tuesday, for now at least, following a scary stretch where worries about the […]<\/p>\n","protected":false},"author":1,"featured_media":129597,"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-129596","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\/129596","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=129596"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/129596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/129597"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=129596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=129596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=129596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}