White House Advisor Navarro Announces No 50% Tariff Increase on Canadian Steel and Aluminum Imports

Published: Mar 12, 2025 07:40

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US White House trade advisor Navarro stated on Tuesday afternoon that President Trump will not raise tariffs on Canadian steel and aluminum imports to 50% on Wednesday. This statement came after Trump announced plans to double the 25% import tariffs on Canadian metals in response to Ontario's imposition of a 25% surcharge on US electricity (a decision that was canceled after Trump's threat). Ontario's surcharge was a countermeasure against Trump's 25% tariffs on Canadian goods. Additionally, Navarro mentioned that the 25% tariffs on all imported steel and aluminum will take effect at midnight on the 12th, with no exemption policy.

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