Ontario suspends 25 per cent export tax

News Snapshot:

Ontario has agreed to suspend its 25 per cent surcharge on electricity exports to the U.S. following a call between Premier Doug Ford and Commerce Secretary Howard Lutnick Tuesday afternoon as President Donald Trump threatened to double tariffs on all steel and aluminum coming from Canada. “With any negotiation that we have, there’s a point that both parties are heated and the temperature needs to come down. And I thought this was the right decision. They understand how serious we are about the electricity and the tariffs, and rather than going back and forth and having threats to each other,...