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.”