{"id":257145,"date":"2025-03-12T02:51:09","date_gmt":"2025-03-12T02:51:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/12\/trump-pulls-back-plans-to-double-canadian-metal-tariffs-after-ontario-relents\/"},"modified":"2025-03-12T02:51:09","modified_gmt":"2025-03-12T02:51:09","slug":"trump-pulls-back-plans-to-double-canadian-metal-tariffs-after-ontario-relents","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/03\/12\/trump-pulls-back-plans-to-double-canadian-metal-tariffs-after-ontario-relents\/","title":{"rendered":"Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i3.wp.com\/static01.nyt.com\/images\/2025\/03\/11\/multimedia\/11trump-news-canada-tariffs-qgvl\/11trump-news-canada-tariffs-qgvl-facebookJumbo.jpg?ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents\" title=\"Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents\" \/><\/div><p> <br \/>\n<\/p>\n<div data-testid=\"companionColumn-0\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America\u2019s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">It was the latest in a week of chaotic trade moves, in which the president startled investors and businesses that depend on trade and clashed with some of the country\u2019s closest trading partners.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a post on his social media platform Tuesday morning, Mr. Trump wrote that Canadian steel and aluminum would face a 50 percent tariff, double what he plans to charge on metals from other countries beginning Wednesday. He said the levies were in <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/us\/politics\/canada-tariffs-retaliation.html\" title=\"\">response to an additional charge<\/a> that Ontario had placed on electricity coming into the United States, which was in turn a response to tariffs Mr. Trump imposed on Canada last week.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">By Tuesday afternoon, leaders had begun to relent. The premier of Ontario, Canada\u2019s most populous province, said he would suspend the electricity surcharge, and Mr. Trump said at the White House he would \u201cprobably\u201d reduce the tariff on Canadian metals.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-1\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Kush Desai, a White House spokesman, said Tuesday afternoon that Mr. Trump\u2019s threats had succeeded in getting Canada to back down. \u201cPresident Trump has once again used the leverage of the American economy, which is the best and biggest in the world, to deliver a win for the American people,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">As a result, he said that Canada would face the same 25 percent tariff on metals as all of America\u2019s trading partners will when they go into effect at midnight.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Still, that levy could reignite trade tensions. The Canadian government has vowed to retaliate against the 25 percent tariffs that Mr. Trump will introduce on global steel and aluminum on Wednesday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe Government of Canada has been clear on this issue since the beginning \u2014 should the United States move forward tomorrow with the imposition of tariffs on Canadian products, including steel and aluminum, we will be ready to respond firmly and proportionately,\u201d said Gabriel Brunet, spokesman for Dominic LeBlanc, the finance minister who is leading Canada\u2019s trade response.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump\u2019s new confrontation with Canada tariffs sent jittery markets tumbling, with major indexes closing down for the day. In addition to doubling the metal tariffs, the president threatened more levies if Canada didn\u2019t drop various tariffs it imposes on U.S. dairy and agricultural products.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-2\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">\u201cIf other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada,\u201d he threatened.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-3\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump went on to say that \u201cthe only thing that makes sense\u201d is for Canada to become the 51st U.S. state. The idea of joining the United States has been angrily rejected across Canada.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The president reiterated those comments Tuesday afternoon, saying that Canada would no longer have a tariff problem if it became part of the United States.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cWhen you take away that artificial line that looks like it was done with a ruler,\u201d he said, referring to the border, \u201cand that\u2019s what it was, some guy sat there years ago and they said, well, when you take away that, and you look at that beautiful formation of Canada and the United States, there is no place anywhere in the world that looks like that.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-4\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Doug Ford, Ontario\u2019s premier, said in a news conference in Toronto Tuesday afternoon that he would suspend the 25 percent surcharge on electricity exports to Michigan, Minnesota and New York that went into effect on Monday.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThe temperature needs to come down,\u201d Mr. Ford said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In a statement jointly issued with Howard Lutnick, the U.S. secretary of commerce, Mr. Ford said that the sides would meet in Washington on March 13, and discuss a \u201crenewed U.S.M.C.A.,\u201d referring to the trade agreement between Canada, Mexico and the United States, ahead of more tariffs to come on April 2.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump\u2019s earlier comments significantly escalated a confrontation with one of America\u2019s largest trading partners, and called into question his intentions.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Canadian officials first thought Mr. Trump\u2019s idea of absorbing Canada into the United State was a joke, but they have more recently begun to <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/07\/world\/canada\/trump-trudeau-canada-51st-state.html\" title=\"\">take the president\u2019s threats seriously<\/a>.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Last week, outgoing Prime Minister Justin Trudeau of Canada called Mr. Trump\u2019s ostensible reason for imposing tariffs on Canada \u2014 to stop the flow of fentanyl into the United States \u2014 \u201ccompletely bogus.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-5\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trudeau suggested that what Mr. Trump wanted to see was a collapse of the Canadian economy \u201cbecause that\u2019ll make it easier to annex us.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThat\u2019s never going to happen,\u201d he said.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump spent much of his social media post on Tuesday essentially cajoling Canada to become part of America, writing that it would make tariffs \u201ctotally disappear,\u201d lower Canadian taxes and make the country more secure militarily.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">In calls between Mr. Trump and Mr. Trudeau in early February, the American president <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/07\/world\/canada\/trump-trudeau-canada-51st-state.html\" title=\"\">told the Canadian prime minister<\/a> that he did not believe that the treaty that demarcates the border between Canada and the United States was valid, according to people with knowledge of the conversations. <\/p>\n<p class=\"css-at9mc1 evys1bk0\">When questioned in a news conference in January about whether he planned to use military force to annex Canada, Mr. Trump replied that he would use \u201ceconomic force.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-7\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">Mark Carney, who will succeed Mr. Trudeau as prime minister of Canada within the next few days, called the latest tariff threat \u201can attack on Canadian workers, families, and businesses\u201d in a social media post.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">He added: \u201cMy government will ensure our response has maximum impact in the US and minimal impact here in Canada. My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump, in his post, also targeted the Canadian dairy industry, saying that the country \u201cmust immediately drop their Anti-American Farmer Tariff of 250% to 390% on various U.S. dairy products, which has long been considered outrageous.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The Canadian dairy industry has become a frequent target of Mr. Trump\u2019s in recent weeks, although his description of those barriers is misleading. Canada allows a certain amount of U.S. dairy products to come in to the country tariff-free, as long as they don\u2019t exceed certain import quotas, which increase every year. After imports hit a certain level, they are hit with high tariffs, for example 298.5 percent for butter. The system is known as a \u201ctariff-rate quota.\u201d<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-8\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">For a variety of reasons, American dairy exporters, who shipped about $1.1 billion of their products to Canada last year, have never exceeded those quotas, so those tariffs have never been activated. The United States also <a class=\"css-yywogo\" href=\"https:\/\/www.fas.usda.gov\/programs\/dairy-import-licensing-program\" title=\"\" rel=\"noopener noreferrer\" target=\"_blank\">has tariff-rate quotas<\/a> for some dairy imports, and other goods, though its tariffs tend to be much lower.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump also said Tuesday that he would declare \u201ca national emergency on electricity within the threatened area\u201d that would \u201callow the U.S. to quickly do what has to be done to alleviate this abusive threat from Canada.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cThey will pay a financial price for this so big that it will be read about in History Books for many years to come!&#8221; he said in a subsequent social media post.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Ryan Young, a senior economist at the Competitive Enterprise Institute, said that putting tariffs on foreign countries\u2019 goods would almost always incite them to retaliate, increasing costs for consumers and worsening concerns about a recession. \u201cSometimes the only way to win is not to play,\u201d he said. \u201cThis is true of nuclear war, and it is true of tariffs.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Mr. Trump\u2019s head-spinning tariff threats and quick reversals against America\u2019s largest trading partners have caused anxiety for investors and businesses. The president imposed a 25 percent tariff on imports from Mexico and nearly all imports from Canada last Tuesday.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<div data-testid=\"companionColumn-9\">\n<div class=\"css-53u6y8\">\n<p class=\"css-at9mc1 evys1bk0\">But Mr. Trump partly lifted the measure after stock markets sank and <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/10\/business\/economy\/trump-tariffs-exceptions.html\" title=\"\">various industries pushed back<\/a>. By Thursday, the president <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/03\/06\/us\/politics\/trump-mexico-tariffs-suspended.html\" title=\"\">suspended those tariffs indefinitely<\/a> for all products that comply with the North American free trade deal, U.S.-Mexico-Canada Agreement, or U.S.M.C.A. \u2014 about half of all imports from Mexico and nearly 40 percent of those from Canada.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">The president has repeatedly promised that more tariffs are on the way. He has said that he would impose tariffs on foreign cars as well as <a class=\"css-yywogo\" href=\"https:\/\/www.nytimes.com\/2025\/02\/13\/us\/politics\/trump-tariffs.html\" title=\"\">\u201creciprocal\u201d tariffs<\/a> on foreign nations on April 2.<\/p>\n<p class=\"css-at9mc1 evys1bk0\">Eswar Prasad, a professor of trade policy at Cornell University and a former official at the International Monetary Fund, said that the threats against Canada would have important repercussions not just for the North American economies \u201cbut for the stability of the world order.\u201d<\/p>\n<p class=\"css-at9mc1 evys1bk0\">\u201cTrump\u2019s aggressive tariff actions against a country long seen as a close U.S. economic and geopolitical ally puts the entire world on notice that strong historical relationships are no guarantee of future cordiality,\u201d he said.<\/p>\n<p class=\"css-798hid etfikam0\">Matina Stevis-Gridneff<!-- --> and <!-- -->Danielle Kaye<!-- --> contributed reporting.<\/p>\n<\/div>\n<aside class=\"css-ew4tgv\" aria-label=\"companion column\"\/><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.nytimes.com\/2025\/03\/11\/us\/politics\/trump-canada-tariffs-metal.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Trump escalated his fight with Canada on Tuesday, threatening to double tariffs on steel and aluminum imports and pressing to turn one of America\u2019s closest traditional allies into the 51st state. After several tense hours, both sides backed down, at least for now. It was the latest in a week of chaotic trade moves, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":257146,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/static01.nyt.com\/images\/2025\/03\/11\/multimedia\/11trump-news-canada-tariffs-qgvl\/11trump-news-canada-tariffs-qgvl-facebookJumbo.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[48299,740,5345,165435,163575,283,164053,8928,36653,1925,5409,198560,163261,18165,9460,52,128437,163486],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257145"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=257145"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257145\/revisions"}],"predecessor-version":[{"id":257147,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/257145\/revisions\/257147"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/257146"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=257145"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=257145"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=257145"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}