Ontario suspends electricity tariffs as US trade officials agree to talks.
Ontario has suspended its 25% surcharge on exports of electricity to three US states after US officials agreed to talks with the Canadian province's Premier Doug Ford in Washington later this week.
Source: Sharecast
The suspension comes after US President Donald Trump threatened to double tariffs on Canadian metal imports to 50%.
In a joint statement Ford and US Commerce Secretary Howard Lutnick said they had a "productive conversation" "on Tuesday.
"Secretary Lutnick agreed to officially meet with Premier Ford in Washington on Thursday, March 13 alongside the United States Trade Representative to discuss a renewed USMCA ahead of the April 2 reciprocal tariff deadline. In response, Ontario agreed to suspend its 25% surcharge on exports of electricity to Michigan, New York and Minnesota.
Ford imposed the tax last week, in retaliation for 25% tariffs Trump levied on Canadian goods, which the White House later suspended.
Reporting by Frank Prenesti for Sharecast.com
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