{"id":38269,"date":"2025-03-12T12:00:21","date_gmt":"2025-03-12T09:00:21","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=38269"},"modified":"2025-03-12T11:55:04","modified_gmt":"2025-03-12T08:55:04","slug":"trump-withdraws-steel-and-aluminum-tariff-threats","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/trump-withdraws-steel-and-aluminum-tariff-threats\/","title":{"rendered":"Trump Withdraws Steel and Aluminum Tariff Threats!"},"content":{"rendered":"<p data-start=\"74\" data-end=\"369\"><strong data-start=\"74\" data-end=\"83\">Trump<\/strong> announced that he would raise tariffs on steel and aluminum imports from <strong data-start=\"157\" data-end=\"167\">Canada<\/strong> to <strong data-start=\"171\" data-end=\"178\">50%<\/strong>, but hours later, he backed down to the previously announced <strong data-start=\"240\" data-end=\"247\">25%<\/strong> rate. This decision came after <strong data-start=\"279\" data-end=\"290\">Ontario<\/strong> abandoned its plans to impose a surcharge on electricity sent to the <strong data-start=\"360\" data-end=\"366\">US<\/strong>.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/trump-withdraws-steel-and-aluminum-tariff-threats\/#Market_Concerns_and_Trumps_Statements\" title=\"Market Concerns and Trump\u2019s Statements\">Market Concerns and Trump\u2019s Statements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/trump-withdraws-steel-and-aluminum-tariff-threats\/#US_Economy_and_Global_Impact\" title=\"US Economy and Global Impact\">US Economy and Global Impact<\/a><\/li><\/ul><\/nav><\/div>\n<h2 data-start=\"371\" data-end=\"419\"><span class=\"ez-toc-section\" id=\"Market_Concerns_and_Trumps_Statements\"><\/span>Market Concerns and Trump\u2019s Statements<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"421\" data-end=\"597\">Despite market downturns caused by the trade war, <strong data-start=\"471\" data-end=\"480\">Trump<\/strong> dismissed the possibility of a recession, stating, &#8220;I don\u2019t see it at all. I think this country is going to boom.&#8221;<\/p>\n<hr \/>\n<p data-start=\"599\" data-end=\"874\"><strong><em>You Might Be Interested In: <a href=\"https:\/\/coinengineer.net\/blog\/elon-musk-talks-about-the-name-of-a-new-memecoin\/\">Elon Musk Talks About the Name of a New Memecoin!<\/a><\/em><\/strong><\/p>\n<hr \/>\n<p data-start=\"599\" data-end=\"874\">However, <strong data-start=\"608\" data-end=\"617\">Trump<\/strong> warned business leaders to <strong data-start=\"645\" data-end=\"673\">prepare for more tariffs<\/strong>, emphasizing that rates could go even higher. &#8220;The biggest win is not the tariff \u2014 that big win is a lot of money \u2014 but the biggest win is if they move into the country and produce,&#8221; <strong data-start=\"857\" data-end=\"866\">Trump<\/strong> said.<\/p>\n<p data-start=\"599\" data-end=\"874\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/img.lemde.fr\/2025\/02\/13\/0\/0\/5088\/3392\/1440\/960\/60\/0\/296c9da_ftp-import-images-1-lnkxdzuhzbzo-2025-02-13t190127z-175821895-rc2ttcakwcyo-rtrmadp-3-usa-trump-tariffs.JPG\" alt=\"Trump\" width=\"1440\" height=\"960\" \/><\/p>\n<h2 data-start=\"876\" data-end=\"914\"><span class=\"ez-toc-section\" id=\"US_Economy_and_Global_Impact\"><\/span>US Economy and Global Impact<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"916\" data-end=\"1048\">Economists warn that <strong data-start=\"937\" data-end=\"1045\">rising tariffs will increase consumer prices, put US exporters at risk, and slow overall economic growth<\/strong>.<\/p>\n<p data-start=\"1050\" data-end=\"1333\">Tensions with major trade partners such as <strong data-start=\"1093\" data-end=\"1103\">Canada<\/strong>, <strong data-start=\"1105\" data-end=\"1114\">China<\/strong>, and <strong data-start=\"1120\" data-end=\"1130\">Mexico<\/strong> are affecting <strong data-start=\"1145\" data-end=\"1168\">investor confidence<\/strong>. US stock markets have dropped by around <strong data-start=\"1210\" data-end=\"1217\">10%<\/strong> in recent weeks, while <strong data-start=\"1241\" data-end=\"1250\">Trump<\/strong>&#8216;s sudden policy shifts on tariffs have created uncertainty in financial markets.<\/p>\n<p data-start=\"1335\" data-end=\"1565\">Meanwhile, <strong data-start=\"1346\" data-end=\"1356\">Canada<\/strong>\u2019s planned retaliatory tariffs on US dairy products and electricity exports are further escalating trade tensions. <strong data-start=\"1471\" data-end=\"1480\">Trump<\/strong> warned that if <strong data-start=\"1496\" data-end=\"1506\">Canada<\/strong> does not back down, he might impose even higher tariffs.<\/p>\n<p data-start=\"1945\" data-end=\"2167\"><strong data-start=\"1945\" data-end=\"1954\">Trump<\/strong> also mentioned potential <strong data-start=\"1980\" data-end=\"1998\">tax incentives<\/strong> for companies relocating their operations to the <strong data-start=\"2048\" data-end=\"2054\">US<\/strong>. <strong data-start=\"2056\" data-end=\"2165\">In the coming days, trade policies and their global market impacts will continue to be closely monitored.<\/strong><\/p>\n<hr \/>\n<p data-start=\"1945\" data-end=\"2167\"><em>You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Telegram,\u00a0<\/strong><\/a><a href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"nofollow noopener\"><strong>YouTube<\/strong><\/a>,\u00a0and\u00a0<a href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\"><strong>Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0<a title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Trump announced that he would raise tariffs on steel and aluminum imports from Canada to 50%, but hours later, he backed down to the previously announced 25% rate. This decision came after Ontario abandoned its plans to impose a surcharge on electricity sent to the US. Market Concerns and Trump\u2019s Statements Despite market downturns caused<\/p>\n","protected":false},"author":28,"featured_media":32002,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[657,2],"tags":[12748,1945,12751,643,12750,12749,7644,12747,11433,3310,1219],"class_list":["post-38269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-en","category-news","tag-aluminum-tax","tag-canada","tag-customs-duty","tag-economy","tag-export","tag-import","tag-recession","tag-steel-tariffs","tag-trade-war","tag-trump","tag-us"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trump Withdraws Steel and Aluminum Tariff Threats! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/trump-withdraws-steel-and-aluminum-tariff-threats\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trump Withdraws Steel and Aluminum Tariff Threats! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Trump announced that he would raise tariffs on steel and aluminum imports from Canada to 50%, but hours later, he backed down to the previously announced 25% rate. 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