Trump adviser says 50% tariffs on Canadian steel and aluminum won't take effect Wednesday

Counselor Navarro makes a statement outside the White House in Washington

FILE PHOTO: Peter Navarro, Senior Counselor for Trade and Manufacturing for U.S. President Donald Trump, walks up to make a statement to reporters outside the White House in Washington, DC, U.S., February 25, 2025. REUTERS/Brian Snyder/File photo

Source: REUTERS

U.S. President Donald Trump's trade adviser Peter Navarro said on Tuesday that an increased tariff of 50% on Canadian steel and aluminum will not take effect on Wednesday.

Earlier in the day, Trump had ordered that an across-the-board tariff of 25% on all steel and aluminum imports that is slated to take effect on Wednesday be doubled on Canada after Ontario Premier Doug Ford said he would impose a surcharge on electricity exports to the United States. Ford later said he was suspending the surcharge after speaking to U.S. Commerce Secretary Howard Lutnick.

When asked by a CNBC reporter if that meant the 50% tariff on Canadian steel and aluminum would not go into effect Wednesday, Navarro said "that's correct."

Following the interview, a White House spokesperson said in a statement that the previously planned 25% tariff on steel and aluminum will go into effect for Canada and all other U.S. trading partners at midnight.

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This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters