Less than a day after American stock markets had their worst one-day performance in years as a result of Donald Trump’s continued push to raise import taxes on goods from America’s biggest trading partners, the president threatened to double down on tariffs he has already placed on aluminum and steel imports from Canada but later reversed himself and ordered previously announced 25 percent taxes to go into effect at midnight.
In a statement, White House spokesperson Kush Desai said a 25 percent tax all on steel and aluminum “for Canada and all of our other trading partners” would be implemented on Wednesday “with no exceptions or exemptions.”
