Trade War Whiplash: Trump retreats on 50% Canada tariff threat after Ontario’s electricity standoff

  • Posted on March 12, 2025
  • By Business News Today
  • 6 Views
Trade War Whiplash: Trump retreats on 50% Canada tariff threat after Ontario’s electricity standoff

President Donald Trump reversed his decision to double tariffs on Canadian steel and aluminum just hours after announcing the higher tariffs. This move came after Ontario Premier Doug Ford agreed to suspend a 25% surcharge on electricity. Financial markets experienced volatility following these rapid trade policy shifts.
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