Trump backs off doubling Canadian steel and aluminum tariffs after Ontario suspends electricity surcharge [Video]

Washington — President Trump will not double tariffs on Canadian steel and aluminum imports, Commerce Secretary Howard Lutnick told CBS News, after Lutnick and Ontario Premier Doug Ford announced Canada would suspend its new 25% surcharge on electricity exports. 

Ford and Lutnick announced the suspension of the electricity surcharge hours after Mr. Trump announced on Truth Social that he would double tariffs on Canadian steel and aluminum imports from the previous 25% rate to 50%.

Lutnick, asked by CBS News in an interview Tuesday if the president plans to go through with the 50% tariffs, replied, “No, that’s off, too. So, we’re at 25% for steel and aluminum because that’s where we were.”

The tariff whiplash began after Mr. Trump’s decision to impose 25% tariffs on steel and aluminum imports from Canada and all other countries. 

White House …