Ontario backed off plans to put a 25% electricity surcharge on nearby U.S. states Tuesday after President Trump said he would raise tariffs on Canadian steel and aluminum to 50% in retaliation.
While the additional tariff was scrapped, a 25% duty on Canadian metals will still take effect today.
The moves follow days of escalating trade tensions between the two countries. U.S. and Canadian officials are expected to continue trade negotiations in the coming days.
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