Reported about 13 hours ago
In a significant escalation of trade tensions, President Trump has announced the doubling of steel and aluminum tariffs on Canadian goods to 50%. Ontario's Premier Doug Ford responded by suspending a 25% surcharge on U.S.-bound electricity, while also expressing readiness to cut off exports if the trade war continues. The move comes ahead of potential new tariffs on Canadian automotive parts, amidst ongoing discussions between U.S. and Canadian officials aimed at managing the emerging economic fallout.
Source: YAHOO