Ontario Premier Doug Ford's Trade Decision with the United States

SOURCE www.cnbc.com
Ontario Premier Doug Ford temporarily suspends planned 25% surcharge on electricity exported to the United States after productive conversation with U.S. Commerce Secretary Howard Lutnick, amidst escalating trade war with U.S. President Donald Trump.

Key Points

  • Ford suspends surcharge on electricity exports to the U.S.
  • Agreement for renewed trade talks between the U.S. and Canada
  • Trump escalates trade war by raising tariffs on Canadian imports

Pros

  • Temporary suspension of surcharge on electricity exports to the U.S.
  • Productive conversation between Ford and U.S. Commerce Secretary Lutnick
  • Agreement to cooler heads prevailing in trade talks

Cons

  • Escalation of trade war with U.S. President Trump imposing tariffs on Canadian steel and aluminum imports