President Donald Trump while talking about European tariffs said that the US will win the economic battle. Trump also pointed out that the EU will be like Ontario that "withdrew their little threat." Ontario Premier Doug Ford said Tuesday afternoon that he would suspend 25 percent tariffs on electricity to parts of the northern United States.

U.S. President Donald Trump has backed down from a threat to double tariffs on Canadian steel and aluminum, bringing the levy back down from 50% to the original 25%, after Canada's Ontario province suspended its own 25% duty on electricity exports to the U.