Welcome to Meet the Press Now.

I'm Aaron Gilchrist on yet another tumultuous day on Wall Street and here in Washington.

It was a bumpy ride for stocks with the Dow closing lower as markets tried to digest a volatile day of developments surrounding the president's escalating threats of a trade war with Canada,

with markets rallying in the afternoonating threats of a trade war with Canada, with markets rallying

in the afternoon on signs of a potential cooling off of some of those tensions. Now, the day started

with the president announcing that he was planning to double tariffs on Canadian steel and aluminum

to 50 percent, effective tomorrow, while also renewing his rhetoric about annexing Canada.

Now, those new tariff threats coming in response to Ontario imposing a 25 percent surcharge

on electricity exports to the U.S. Ontario's Premier, Doug Ford, also threatened to completely

shut off power to more than a million U.S. homes. White House press secretary

Caroline Levitt did not hold back today when speaking about the premier's threat.

The president saw the premier, Doug Ford, make an egregious and insulting comment, threatening

to shut down electricity for the American people, for hardworking American families. He made that threat.

The president saw that and has an obligation and a responsibility to respond accordingly and

represent the interests of the American people. Now, a short time after those comments,

Premier Ford announced that he was temporarily suspending those

surcharges on power, saying he'd reached an agreement with the White House to hold trade talks on

Thursday. Now, we're going to talk to Speaker or other to Premier Ford in just a moment here.

Amid the market choppiness, President Trump this afternoon also telling reporters that he would let

them know if he would still impose new tariffs on Canada tomorrow.

The president also appearing to try to clean up recent remarks about the potential for a recession,

saying he does not see one happening.

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