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  • Canada backs down from 25% electricity surcharge after Trump threats

    03/11/2025 12:48:57 PM PDT · by Vendome · 42 replies
    NBCNEWS ^ | 3/11/2025 | Rob Wile
    Ontario Premier Doug Ford said he had agreed to suspend a 25% surcharge on electricity imports into the U.S. after conversing with U.S. Commerce Secretary Howard Lutnick in the wake of President Donald Trump's threats to hike steel and aluminum tariffs on the nation by 50%. In a statement issued with Lutnick and posted on X, Ford said he and Lutnick would now be meeting Thursday alongside the United States Trade Representative to discuss a renewal of the U.S.-Mexico-Canada free trade act ahead of Trump's self-imposed April 2 "reciprocal tariff deadline." "In response, Ontario agreed to suspend its 25 per...