Sisi Chan

White House Says Tariff Rollback Reports ‘Speculation’ Unless Announced

A White House official has dismissed media speculations about U.S. President Donald Trump planning to roll back tariffs on steel and aluminum. Any reports are baseless unless Trump announces it.

The White House addressed a report on President Trump considering changes to the steel and aluminum tariffs on Friday morning, originally reported by The Financial Times.

The unnamed White House official highlighted that Trump would not compromise on bolstering domestic manufacturing, especially in steel and aluminum production for the sake of national and economic security.

The implementation of a flexible and varied tariffs plan by the Trump administration is witnessing success with American steel production surpassing Japan’s, for the first time since 1999.

The White House insists that any reporting on changes to tariffs are baseless speculation, lacking credibility unless officially announced by the administration.

Canada, a key trading partner, is under U.S. tariffs, including sector-specific ones on steel, aluminum, and others.

Canada, often described as a challenging trade partner by Trump on social media, has witnessed his tariffs being protested in the U.S. House of Representatives via a vote.

Trump’s veto on the motion opposing Canada tariffs is predicted, despite it having bipartisan support.

On Wednesday night, Trump characterized tariffs as a win for the U.S. on social media. He perceives Canada as having capitalized on U.S. Trade for years.