After back-and-forth tariff threats that sent markets sharply lower Tuesday, the US commerce secretary and the premier of Ontario said they would meet Thursday to renegotiate the free trade treaty known as the USMCA.
President Trump ordered an additional 25% tariff on Canadian steel and aluminum imports Tuesday in response to Ontario charging Americans in parts of three border states 25% more for electricity.
The Ontario government announced it’s charging an extra 25% on all electricity exports to the U.S. on Monday. Colin Jackson has more.
Ontario took a step back after US President Donald Trump escalated the tariff war Tuesday hiking steel and aluminum tariffs by 50 per cent.
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