Trump walks back 50 per cent Canada tariff threat, downplays recession

Trump announced the additional 25 per cent tariff on Canadian steel taking it up to 50 per cent in a long post on his social media platform Truth Social, in retaliation for Ontario, a province of Canada, announcing a 25 per cent surcharge on electricity exports to the American states of New York, Michigan and Minnesota to protest Trump’s tariff on imports from Canada.