Ontario's Ford suspends U.S. electric surcharge after Lutnick agrees to trade talks

Ontario Premier Doug Ford suspended the province’s planned 25% surcharge on electricity exports to the U.S. after Commerce Secretary Howard Lutnick agreed to renewed trade talks, with both agreeing to “let cooler heads prevail.” U.S. President Donald Trump doubled tariffs on Canadian steel and aluminum imports to 50%, prompting Ford to impose the surcharge. Following a conversation between Ford and Lutnick, Trump decided not to move forward with the additional 25% tariff, but the originally planned tariffs on steel and aluminum imports from Canada and other trading partners will still go into effect.

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