Ontario backs down on electricity surcharge after Trump threatens 50% tariffs

Premier Doug Ford announced the suspension of an electricity surcharge aimed at U.S. states after President Trump threatened 50% tariffs on Canadian steel and aluminum. Following a productive conversation with U.S. officials, Ford plans to meet in Washington to address trade concerns. Despite the suspension, the surcharge remains an option if negotiations fail. The trade dispute is significant as Ontario supplies power to 1.5 million U.S. households, and ongoing tensions are impacting markets and Canadian jobs, particularly in manufacturing sectors.