White House senior counselor Peter Navarro has said that President Donald Trump was no longer planning to double steel and aluminum tariffs for Canadian imports, after Washington's talks with its northern neighbour.

Downplays recession.

US President Donald Trump on Tuesday said he would double tariffs on Canadian steel and aluminium to 50%, sending global stock markets into turmoil once again.

Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday

The European Union announced tariffs on $28.4 billion of US goods in response to US tariffs.The US imposed 25% tariffs on steel and aluminum imports,

'Tariffs are taxes. They are bad for business, and even worse for consumers.' Ursula von der Leyen said in a statement.

Donald Trump will not impose the 50% tariffs on Canadian steel and aluminium exports he threatened enforce as fears of a trade war surged, a senior US trade adviser has confirmed.

Steep US tariffs on steel and aluminium imports took effect overnight.

President Donald Trump announced a tariff increase on Canadian steel and aluminum from 25% to 50%, citing Ontario’s 25% tariff on U.S. electricity

Trump has promised that the taxes will help create U.S. factory jobs at a time when his seesawing tariff threats are jolting the stock market and raising fears of an economic slowdown.

President Donald Trump's threat on Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada has resulted in Ontario’s premier backflipping on planned surcharges on electricity…

President Donald Trump also declared that if Canada does not lift other tariffs on the U.S., he will "substantially increase" auto import tariffs next month.

President Donald Trump announced on Tuesday that tariffs on Canadian steel and aluminum imports will be increased by an additional 25%, bringing the total duties to 50%. The new tariffs will take effect on Wednesday morning.

Trump's pause came after the government of Ontario suspended its planned surcharges on electricity sold to the U.S.

U.S. President Donald Trump 's threat on Tuesday to double his planned tariffs on steel and aluminum from 25% to 50% for Canada led the provincial government of Ontario to suspend its planned surcharges on electricity sold to the United States. As a result, the White House trade adviser Peter Navarro said the U.S.…

The European Union announced retaliatory tariffs worth around $28 billion to match the “economic scope” of Trump’s tariffs.

EU retaliates with tariffs after US increases steel and aluminum tariffs, impacting various industries and risking millions of jobs.