Trump Scraps 50% Tariff Hike On Canadian Steel, Aluminum After Lutnick Talks With Ontario Premier

President Donald Trump has canceled plans to increase tariffs on Canadian steel and aluminum imports to 50%, White House trade advisor Peter Navarro confirmed on Tuesday. The reversal came hours after Trump announced the tariff hike in response to Ontario’s 25% tax on electricity exports to the U.S., which itself was retaliation for Trump’s earlier 25% tariffs on Canadian imports.