The United States will not double tariffs on steel and aluminum imports from Canada on Wednesday, White House trade adviser Peter Navarro said, according to AFP. This means that imports of both metals from Canada will face a 25 percent tariff after midnight as originally planned.
Earlier on Tuesday, Trump posted on his social media account Truth Social that he had asked his commerce secretary to impose the additional tariffs, which would take effect as early as Wednesday, March 12.
The announcement of a doubling of the tariff rate came in response to the Canadian province of Ontario imposing a 25 percent tariff on electricity supplied to the United States, Reuters reports. However, after talks with the United States, Canada has decided to drop the measure, according to AFP.
Donald Trump announced in February that he would impose a 25 percent tariff on steel and aluminum from all countries. The tariffs are scheduled to take effect on Wednesday, March 12.
The largest share of steel imported into the United States comes from Canada, Mexico and Brazil, according to data from the US government and the American Steel Association, AISI.
During his first term as president, Donald Trump also imposed a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports. He later imposed duty-free quotas on imports of these raw materials from countries such as Canada, Mexico and Brazil.
Former President Joe Biden expanded the duty-free quotas to include iron and aluminum from the UK, Japan and the EU.
/ritzau/
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