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March 12, 2025

Trump Cancels Plan to Increase Canadian Metal Tariffs After Ontario Changes Course

President Trump has decided against imposing a 50 percent tariff on Canadian metals. This decision comes after Ontario lifted a charge on electricity provided to the U.S. This shift in policy reflects ongoing negotiations and economic considerations between the United States and Canada. The tariff plan initially raised concerns in various sectors that rely on Canadian metal imports. By backing down, President Trump aims to foster better relations and stabilize trade agreements in the region. These developments might affect the prices of materials and impact industries dependent on Canadian metal supplies.

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