Ontario Premier Doug Ford on Tuesday announced a temporary suspension of the province’s planned 25% surcharge on electricity exports to the U.S., according to CNBC.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Ontario Premier Doug Ford on Tuesday announced a temporary suspension of the province's planned
00:0625 percent surcharge on electricity exports to the U.S., according to CNBC.
00:11Ford said he and Congress Secretary Lutnick had a productive discussion
00:15on U.S.-Canada economic relations and agreed to remain level-headed.
00:18The decision comes as U.S. President Donald Trump escalated trade tensions by doubling
00:23planned tariffs on Canadian steel and aluminum imports to 50 percent earlier in the day.
00:28The White House confirmed that a 25 percent tariff on steel and aluminum
00:31will take effect for Canada and other trading partners at midnight on Wednesday.