The White House announced on the 11th (local time) that President Donald Trump has decided to withdraw the plan to increase the existing 25% tariff on Canadian steel and aluminum by an additional 25%, totaling 50%.
Peter Navarro, senior advisor for trade and manufacturing at the White House, noted in an interview with U.S. economic broadcaster CNBC that the 25% additional tariff on Canadian steel and aluminum, scheduled to be imposed from the 12th, will not be implemented. Just prior, Trump had avoided answering when reporters asked at the White House if he would impose a 50% tariff on Canadian steel and aluminum, saying, "I'll let you know."
This marks a reversal of Trump's position within a day. Earlier that day, he stated on his social media platform, Truth Social, "Based on Ontario's 25% tariff on electricity entering the U.S., I directed the Secretary of Commerce to impose an additional 25% tariff on all steel and aluminum coming from Canada, which would total 50%." Trump indicated that this measure would take effect from the morning of the 12th.
This was in response to the Ontario provincial government's decision to impose a 25% export tax on electricity exported to the U.S. starting the 10th, following the Trump administration's plan to impose tariffs on Canadian lumber and dairy products. Subsequently, Doug Ford, the Ontario premier, disclosed in a joint statement with the U.S. Department of Commerce, published on X (formerly Twitter), that "Ontario will temporarily suspend the 25% surcharge on electricity exported to Michigan, New York, and Minnesota," stating that the plan to impose a 50% tariff on Canadian steel and aluminum has been withdrawn.