Canada surrenders to Donald Trump’s pressure, reverses electricity tariffs to avoid historic financial price
- Posted on March 12, 2025
- By Business News Today
- 10 Views

Canada surrenders to Donald Trump’s pressure, reverses electricity tariffs to avoid historic financial price

Canada rescinded its 25% electricity tariff on the US following threats from President Trump. Trump warned of severe financial repercussions and proposed increasing tariffs on Canadian steel and aluminum. The US president also suggested Canada should become the 51st state to resolve tariff disputes and prevent additional tariffs on automobiles.