Ontario Premier Suspends 25% Electricity Surcharge to U.S. After Trade Talks

Benzinga

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.

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