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Trump Reverses Plan to Raise Canadian Steel, Aluminum Tariffs After Ontario Premier's Retaliatory Moves
Benzinga
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3/12/2025
President Donald Trump has reversed his decision to raise tariffs on Canadian steel and aluminum to 50%, according to CNBC.
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00:00
It's Benzinga bringing Wall Street to Main Street.
00:02
President Donald Trump has reversed his decision to raise tariffs on Canadian steel and aluminum
00:06
to 50 percent, according to CNBC.
00:08
Ontario Premier Doug Ford paused a 25 percent surcharge on electricity exports to the U.S.
00:13
after an agreement with U.S. Commerce Secretary Howard Lutnick following Tuesday's discussions.
00:18
Trump had announced a tariff hike earlier in response to Ontario's move,
00:22
escalating trade tensions.
00:24
Dow Jones fell over 500 points, while the Nasdaq and S&P 500 also slipped.
00:28
For all things money, visit Benzinga.com slash GSTV.
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