Ontario, Canada, on Tuesday dropped a 25% surcharge it had planned to place on electricity sold to the U.S., in response to an announcement by President Donald Trump that he would impose a 50% rather than 25% tariff on steel and aluminum imports from Canada, The Associated Press reported. NBC News later reported that Trump appeared to back away from imposing the 50% tariff.
“Based on Ontario, Canada, placing a 25% Tariff on ‘Electricity’ coming into the United States, I have instructed my...