Brief by Shorts91NewsDesk / 02:20am on 12 Mar 2025,Wednesday Business
US President Donald Trump has halted his proposal to raise tariffs on Canadian steel and aluminium imports to 50%, just hours after threatening the increase. The existing 25% tariffs will remain in effect and are scheduled to take effect on March 12. The change in stance follows a move by the Canadian province of Ontario to suspend a 25% electricity charge on certain US states, responding to Trump’s tariff threats. This development highlights the continued trade tensions between the US and Canada, with both countries concerned about the potential economic repercussions.
