IREPAS - International Rebar Producers and Exporters Association » Navaro https://www.irepas.com ıIREPAS gathers producers, traders and consumers of steel rebars, wire rods, sections as well as suppliers of ferrous scrap and steel raw materials Thu, 30 Apr 2026 14:29:48 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Trump administration backs down on 50 percent tariffs for Canada following Canadian concessions on power price hikes https://www.irepas.com/?p=6180&utm_source=rss&utm_medium=rss&utm_campaign=trump-administration-backs-down-on-50-percent-tariffs-for-canada-following-canadian-concessions-on-power-price-hikes https://www.irepas.com/?p=6180#comments Tue, 11 Mar 2025 23:59:15 +0000 Irepas https://www.irepas.com/?p=6180 Following earlier reports that the Trump administration would impose doubled 50 percent tariffs on Canadian exports of steel and aluminum in reaction to an earlier decision by the Canadian government to impose 25 percent increases in electricity prices to Michigan, Minnesota and New York, administration officials said later today that US will drop the additional tariffs against Canada, defaulting to the original 25 percent tax on metals scheduled to go into effect on March 12th.

In reaction to media questions following today’s Canadian concessions, media reports indicate Senior Counselor for Trade and Manufacturing, Peter Navaro said “Trump’s threat of higher tariffs won’t be going into effect.”

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