President Donald Trump announced on Tuesday his intention to likely reduce the recently increased tariffs on Canada, following Ontario's decision to suspend a surcharge on electricity exports to the United States. Trump addressed reporters at the White House, justifying his tariff hike as a necessary action. He reassured that market fluctuations are normal and essential to the economy, disregarding concerns that triggered a sell-off. Trump emphasized the importance of the imposed tariffs in bringing back American jobs and reviving factories.