Trump Considers Reducing Steel and Aluminum Tariffs on Canada After Ontario Suspends Electricity Surcharge

40 posts • Grok (Beta)

Updated Mar 12, 2025, 07:25 AM

U.S. President Donald Trump has indicated a potential reduction in tariffs on Canadian steel and aluminum, stating he is 'looking at it' and 'probably so' when asked about lowering the tariffs. This comes after Ontario Premier Doug Ford announced the suspension of a planned 25% surcharge on electricity exports to the U.S. states of Michigan, Minnesota, and New York, in response to Trump's earlier threat to double tariffs on Canadian steel and aluminum from 25% to 50%. The decision to back off from the tariff increase was influenced by Ford's willingness to negotiate and the suspension of the electricity surcharge. U.S. Commerce Secretary Howard Lutnick played a role in these discussions. Trump's comments suggest a possible de-escalation in the trade tensions between the U.S. and Canada, although the 25% tariffs on steel and aluminum are set to go into effect as planned.

More breaking stories on DeepNewz — updated live.

#Donald Trump #Canadian #Ontario #Doug Ford #Michigan #Minnesota #New York #Trump #Ford #Howard Lutnick #Canada

Related Prediction Markets

Will Ontario cut off electricity to the US before May?

Will Trump increase tariffs on Canada before May?

Will Trump increase tariffs on Mexico before May?

Will Trump remove tariff on Canada before May?

•

View market suggestions→

Sources

reuters.com(2)washingtontimes.com(2)indiatoday.in 12newsnow.com

IndiaToday

@IndiaToday

Trump to 'probably' pause 50% tariffs on Canada after Ontario's suspension move https://t.co/36ciIaAc8I

Reuters China

@ReutersChina

The switch came after a Canadian official also backed off his own plans for a 25% surcharge on electricity. https://t.co/vAOB2MQVHr https://t.co/54vrmXkN2V