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Ontario Halts U.S. Electricity Surcharge Amid Trade Tensions

  Ontario Premier Doug Ford has announced the suspension of a 25% surcharge on electricity exports to three U.S. states—Michigan, New York, and Minnesota—following a diplomatic overture from the White House. The surcharge, introduced just a day earlier, was Ontario's response to U.S. President Donald Trump's decision to double tariffs on Canadian steel and aluminum to 50%. The decision to pause the surcharge came after U.S. Commerce Secretary Howard Lutnick extended an "olive branch" by inviting Ford and Canadian Finance Minister Dominic LeBlanc to Washington for discussions on trade. The meeting, scheduled for Thursday, aims to address the escalating trade tensions and explore a renewal of the Canada-United States-Mexico Agreement (CUSMA). Ford emphasized the importance of diplomacy, stating, "When someone's putting out an olive branch, we sit back, we accept it—graciously, by the way—and let's start moving." While the U.S. has yet to retract its ta...
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Investor Relief: Markets Stabilize as Tariff Tensions Ease

 


U.S. stocks experienced a welcome reprieve after initial sell-offs triggered by President Trump’s sweeping tariff announcements. Early in the trading session, fears of a full-blown trade war led to sharp declines across major indices. However, after Trump announced a one‐month delay on tariffs targeting Mexico, investor sentiment began to shift, and share falls eased noticeably.

The temporary pause allowed markets to regain some lost ground, with the Dow Jones, S&P 500, and Nasdaq all managing to claw back earlier losses. Analysts noted that the delay reduced immediate concerns over supply chain disruptions and increased costs, giving investors a short-term breather while negotiations continue. Although uncertainties remain—especially as tariffs on Canada and China are still pending—the easing of share falls has injected cautious optimism into the market, suggesting that further policy adjustments might help stabilize economic conditions.


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