The government of Ontario on Tuesday backed off its threat to impose a surcharge on electricity to three U.S. states amid broader trade talks.
In a joint statement from Ontario Premier Doug Ford and Commerce Secretary Howard Lutnick, the two leaders said they had a “productive conversation about the economic relationship between the United States and Canada.”
The two said they would meet in person in Washington on Thursday to discuss a renewal of the U.S.-Mexico-Canada trade agreement ahead of reciprocal tariffs set to go into effect on April 2.
“In response, Ontario agreed to suspend its 25 percent surcharge on exports of electricity to Michigan, New York and Minnesota,” Ford and Lutnick said.
President Trump confirmed the agreement in comments to reporters at the White House.
“As you know, there’s a very strong man in Canada who said he was going to charge a surcharge or a tariff on electricity coming into our country. He has called, and he said he’s not going to do that,” Trump said. “And it would’ve been a very bad thing if he did, and he’s not going to do that, so I respect that.”
President Trump suggested he will hold off on the 50% tariffs on steel and aluminum.
You can comment on the article after the ads and subscribe to the Daily Newsletter here if you would like a quick view of the articles of the day and any late news:
Doug should have known better…
Would love to see a list of all the Tariffs charged on American goods going into each country compared to Tariffs charged on goods coming into our country.
AND unnecessary red tape to get goods into other countries compared to us
Victory ? Hardly. A Game of Chicken.
How about solving the Chicken and the Egg Problem?
All Trump has to do is call up the Egg Monoplolies ( I can do it for Him if He gives me an Office) and tell them lower prices or no more: Subsidies, Freebies, Tax Breaks , Write offs … And, Trump would Win. Easy.
The Democrats are giving him hell over the price of Groceries. This hits people square in the Gut.
And, if you look at the corporate balance sheets ( Cal Main) well, it is obvious that they`re having a field day on the American people. Profits are Screaming! Therefore, Birdflu, has been Highly Profitable!
So … Why not cut costs and stop giving these corporations who have been allowed to monopolize the food chain “free stuff” like Billions in Subsidies, Write-offs, Grants and Welfare to Raise Prices? Why does the US government subsidize corporate farmers to raise prices on greed based calculations? This is a Lose, Lost for the Consumer! And, it will Hurt Trump if it is not Corrected.
STOP IT !!! I JUST CAN’T TAKE ANY MORE TRUMP WINNING !!!
(FOR THIS WEEK !)
Trump holds most of the financial cards. Canada cannot be allowed to benefit so much from the USA while applying more restrictions then we do. Plus, Canada’s leftist, anti-Trump posture makes it worse.
Let’s flip this story. What if some USA governors applied their own tariffs against Canada, or threatened product cutoffs? How did Ford get his idea? The debate can be solved at a negotiating table, where I expect Canada to make concessions.
Trump knows international commerce. His insistence on this makes it credible. Last time, around 2018-2019, he got Canada to agree to changes without a fight, though Canada initially opposed a new treaty.