Trump Pulls Back Plans to Double Canadian Metal Tariffs After Ontario Relents

In an interconnected world, commodities may be produced in one geography, processed in another, and shaped into a final good in a third or fourth location. Any disruption in these supply chains could be severe, even pushing some regions toward degrowth and recession."

Ajay Bagga, a banking and market expert, told ANI

After President Trump threatened to use his executive powers to retaliate with a colossal 50 percent tariff against Canada, Ontario Premier Doug Ford spoke with (Commerce) Secretary (Howard) Lutnick to convey that he is backing down on implementing a 25 percent charge on electricity exports to the United States,

White House spokesman Kush Desai said in a statement

My government will keep our tariffs on until the Americans show us respect and make credible, reliable commitments to free and fair trade,

Carney said in a statement

He has to bounce it off the president but I’m pretty confident he will pull back,

Ford said on Trump’s steel and aluminum tariff threat

We only use American steel, so we're thrilled with the tariffs,

he told AFP

I'm looking at that, but probably so."

Asked if the change would influence his decision on Canada tariffs, Trump told reporters

About 14% of what we buy, it comes from countries that will be impacted by tariffs,

said Patterson-UTI CEO Andy Hendricks

Mark Chapman (broadcaster)new Match of the Day host

They're (small-cap producers) at the mercy of the service providers,

Chapman said

Mark Chapman (broadcaster)new Match of the Day host

It's probably going to be harder for service companies in 2025 to maintain their activity levels and their pricing,

said Mark Chapman, principal analyst for OFS Intelligence at Enverus

OCTGs represent about 8.5% of drilling and completion costs for onshore wells in the Lower 48 states. So if prices rose by 25%, about 2.1% would be added to well costs,

Wood Mackenzie's Nemeth said

I think it’s dramatically different than the first administration, and I think one of the biggest challenges is markets look at it and say, you know, this is just part of his bluster, right

Short said in an interview

There is nothing that has benefited the Liberal Party of Canada more than the president’s trade policy,

Short said

If 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,

Trump declared

I will not hesitate to increase this charge. If the United States escalates, I will not hesitate to shut the electricity off completely,

Ford said at a news conference in Toronto

Believe me when I say I do not want to do this. I feel terrible for the American people, who didn’t start this trade war. It’s one person who is responsible. It’s President Trump.”

He added

If it's 8% more expensive to build tractors and combines in the U.S., some of that inevitably, unfortunately will be passed down to the customers,

Eideberg said

The more dominant impact will be higher cost on our inputs,

Ramirez said ... he said

In his second term, President Trump will again use tariffs to level the playing field for American workers and reignite America’s industrial might,

White House spokesperson Kush Desai said in a statement

Certainly, extending (tariffs) to these downstream products closes additional loopholes and reduces the attractiveness of shifting production outside the U.S.,

Price said,

These are not the steel and aluminum tariffs of the last time,

said Dan Ujczo, a trade lawyer specializing in U.S.-Canada trade matters