In a surprising move, Ontario Premier Doug Ford announced today that he will be lifting the 25% surcharge on electricity exports to the United States. This decision comes after a conversation with Commerce Secretary Howard Lutnick, following threats from President Trump to double tariffs on Canadian steel and aluminum.
Ford’s decision to drop the additional tariff on steel and aluminum is seen as a concession to the United States in order to avoid further escalation of trade tensions. The move is expected to ease concerns in both countries and help maintain a positive relationship between Canada and the U.S.
This development highlights the importance of diplomacy and negotiation in resolving trade disputes. By lifting the surcharge on electricity exports, Ontario is hoping to foster a more positive trading environment with its American neighbors.
As the international community closely watches trade relations between Canada and the U.S., Ford’s decision to drop the additional tariff is seen as a step towards de-escalating tensions and promoting mutually beneficial trade agreements. Time will tell how this move will impact future trade negotiations between the two countries.
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Video “U.S. makes concession, dropping additional 25% tariff on steel & aluminum: Ontario Premier Doug Ford” was uploaded on 03/11/2025 to Youtube Channel NBC News