Trump backs down on 50% steel and aluminium tariffs on Canada
U-turn comes after province of Ontario removes surcharge for power exports to the US but 25% levies to still take effect
Read more at Financial Times
Topics
-
Trump halts plan for 50% steel and aluminium tariffs on Canada
It comes after the Canadian province of Ontario said it would suspend a 25% surcharge on US-bound electricity.BBC News - 7h -
Doug Ford on additional Trump tariffs: Canadians will 'not back down'
Ontario Premier Doug Ford fired back at President Trump following his latest vow to double tariffs on steel and aluminum, saying during an interview that Canada will “not back down” and called on ...The Hill - 13h -
Trump retreats from 50% tariffs on Canadian metals. Here’s what comes next.
President Donald Trump on Tuesday backed off a 50% tariff on imports of Canadian steel and aluminum, ratcheting down a threat against a major U.S. trading partner on another day of whiplash for ...MarketWatch - 5h -
Trump raises Canada tariffs to 50% after Ontario threatens electricity surcharge
President Donald Trump said he will double the tariffs imposed on steel and aluminum imported from Canada after the province of Ontario announced surcharges on electricity going into New York, ...NBC News - 13h -
Explaining the stock market uncertainty amid tariff back-and-forths with Canada
Economic uncertainty looms over Wall Street after a back-and-forth between the U.S. and Canada on tariffs. On Wednesday, the U.S. will impose 25% tariffs on all steel and aluminum imports. CBS ...CBS News - 6h -
Trump will not impose 50% Canadian steel, aluminum tariffs tomorrow, says top trade advisor
President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.CNBC - 7h -
Trump says he's doubling tariffs on Canadian steel and aluminum to 50%
President Trump said that he will impose even higher tariffs on Canadian steel and aluminum imports beginning on Wednesday.CBS News - 15h -
Trump to increase steel and aluminum tariffs on Canada in response to electricity surcharge
President Trump on Tuesday said his administration will increase planned steel and aluminum tariffs against Canada in response to an electricity surcharge the Ontario government imposed in the ...The Hill - 15h -
Markets open down again, Trump announces more tariffs against Canada
Traders on Wall Street hoping to rally back after Monday's major selloff are starting Tuesday with another dip. Meanwhile, President Trump has announced additional tariffs for Canada. CBS News' ...CBS News - 15h
More from Financial Times
-
Certainty is now a scarcity in markets
Capricious policies from Washington have created a very unpredictable economic environmentFinancial Times - 52m -
Donald Trump Jr: championing the Maga economy
ESG and DEI are out as the US president’s son makes lucrative investments that align with his father’s vision of AmericaFinancial Times - 52m -
The team behind Trump’s economic shock therapy
The US president’s officials are standing by their strategy to remake the world’s largest economyFinancial Times - 52m -
How Europe can take up America’s mantle
The continent is an economic superpower but it now has to mobilise in defence of democracyFinancial Times - 12h -
Ukraine willing to accept 30-day US-brokered ceasefire
Washington says it will ‘immediately’ restore intelligence sharing and military aid after Kyiv accepts proposalFinancial Times - 6h
More in Business
-
Trump's 25% tariffs on steel and aluminum imports take effect, Europe retaliates
The European Union announced countermeasures targeting the U.S. after President Donald Trump's 25% tariffs on steel and aluminum imports came into effect.CNBC - 5m -
Alibaba's Tsai discusses AI's potential: 'Equity research analysts can be completely replaced'
"Mundane research" can be done by machines, but human beings will still play a role, Alibaba's Chairman Joe Tsai said Wednesday at CNBC’s CONVERGE LIVE.CNBC - 14m -
Asia-Pacific markets trade mixed despite tariff uncertainty and recession fears in the U.S.
Economists polled by Reuters expect India's inflation rate to slow to 3.98% in February from 5.68% in January.CNBC - 22m -
Ray Dalio warns that mounting U.S. debt problems could lead to ‘shocking developments'
Bridgewater founder Ray Dalio on Wednesday warned that a "very severe" supply-demand problem regarding U.S. debt could lead to shocking developments.CNBC - 35m -
People 'underestimate' the importance of Chinese President Xi's entrepreneur meeting: Alibaba's Tsai
Alibaba Chairman Joe Tsai said Chinese President Xi Jinping's meeting with entrepreneurs boosted confidence and has been underestimated.CNBC - 38m