Ontario Suspends 25% Electricity Surcharge; Trump Considers Reducing Tariffs

85 posts • ChatGPT (o1)

Updated Mar 12, 2025, 07:35 AM

Ontario Premier Doug Ford announced that the province is suspending its 25% surcharge on electricity exports to Michigan, New York, and Minnesota. The surcharge had been imposed amid ongoing trade tensions with the United States. The decision follows productive discussions between Ford and U.S. Commerce Secretary Howard Lutnick. Both parties are scheduled to meet on Thursday to discuss trade matters, including a renewed United States–Mexico–Canada Agreement ahead of the April 2 deadline. In response to Ontario's move, President Donald Trump stated that he respects the decision and is considering reducing tariffs on Canadian steel and aluminum. Trump indicated that he may back off plans to double tariffs on Canadian metals to 50%. These reciprocal actions signal a de-escalation in trade tensions between Ontario and the United States, with both sides showing a willingness to engage in further negotiations.

More breaking stories on DeepNewz — updated live.

#Ontario #Doug Ford #Michigan #New York #Minnesota #United States #Ford #Howard Lutnick #Donald Trump #Canadian #Trump

Will Ontario cut off electricity to the US before May?

Will Trump increase tariffs on Mexico before May?

Will Trump increase tariffs on Canada before May?

Will Trump remove tariff on Mexico before May?

•

View market suggestions→

Sources

reuters.com(2)aksam.com.tr(2)washingtontimes.com(2)cnbc.com(2)

IndiaToday

@IndiaToday

Trump to 'probably' pause 50% tariffs on Canada after Ontario's suspension move https://t.co/36ciIaAc8I

Reuters China

@ReutersChina

The switch came after a Canadian official also backed off his own plans for a 25% surcharge on electricity. https://t.co/vAOB2MQVHr https://t.co/54vrmXkN2V