President Donald Trump has reversed his decision to raise tariffs on Canadian steel and aluminum to 50%, according to CNBC.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02President Donald Trump has reversed his decision to raise tariffs on Canadian steel and aluminum
00:06to 50 percent, according to CNBC.
00:08Ontario Premier Doug Ford paused a 25 percent surcharge on electricity exports to the U.S.
00:13after an agreement with U.S. Commerce Secretary Howard Lutnick following Tuesday's discussions.
00:18Trump had announced a tariff hike earlier in response to Ontario's move,
00:22escalating trade tensions.
00:24Dow Jones fell over 500 points, while the Nasdaq and S&P 500 also slipped.
00:28For all things money, visit Benzinga.com slash GSTV.