LAST UPDATE | 2 hrs ago
TRUMP HAS BACKED down from a plan to double tariffs for Canadian imports to 50% today, White House staff have confirmed.
White House senior counselor Peter Navarro said this afternoon that the US President was no longer planning to double steel and aluminum tariffs for Canadian imports, following talks with its northern neighbour.
This means that imports of both metals from Canada, like those from other trading partners, would face a 25% tariff after midnight as originally planned.
The trade dispute between the US and Canada took a new twist earlier this afternoon when US President Trump said he planned to double the incoming steel and aluminium tariffs on Canadian imports from 25% to 50%.
The significant jump would take effect “tomorrow morning”, he said earlier.
Trump’s statement came after the Canadian province of Ontario imposed an electricity surcharge on three US states.
In response, Trump has threatened to wage …