Trump halts his intention to impose 50% tariffs on Canada on steel and aluminum.

Hours after first threatening to quadruple US duties on Canadian steel and metal imports to 50%, Donald Trump has canceled the plan. Nevertheless, 25% tariffs were implemented and entered into force on Wednesday.

The president’s action follows hours after Trump threatened to drastically raise tariffs on the US, when the Canadian province of Ontario suspended new 25% fees on electricity it exports to some northern US states. It was the most recent trade war conflict that could harm the two North American neighbors economically.