U.S. President Donald Trump said on Tuesday that he is "probably so" going to reduce the recently increased tariffs on Canada after Ontario suspended a surcharge on electricity exports to the United States.
Speaking to reporters at the White House, Trump discussed his decision to hike tariffs on U.S. imports, saying that he "had to do this."
He also said that markets are going to swing up and down over time, dismissing concerns that led to a sell-off. He said the tariffs were needed in order to get American jobs back and factories open.
Trump says he is 'probably so' going to reduce Canada tariffs
We have decided not to increase tariffs to 50% on Canadian Steel and Aluminum after speaking to Ontario Premier Doug Ford — cooler heads prevailed.
Bloomberg alerts:
— Brian Platt (@brianplatt.bsky.social) 11 March 2025 at 19:09
*TRUMP ON CUTTING CANADA TARIFFS: LOOKING AT IT
*TRUMP: LOOKING AT BACKING DOWN ON THE 50% DUTIES ON CANADA
*TRUMP: MAY BACK OFF DOUBLING STEEL, ALUMINUM CANADA TARIFFS
*TRUMP ON CANADA: WILL PROBABLY MAKE DIFFERENT TARIFF DECISION
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