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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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Trudeau Secures 30-Day Tariff Truce Amid Border Security Negotiations

In a bid to ease escalating trade tensions, Canadian Prime Minister Justin Trudeau announced that U.S. tariffs on Canadian imports would be paused for at least 30 days. This decision, revealed shortly after his second call with U.S. President Donald Trump, is designed to provide both nations with a critical cooling-off period while they work toward a comprehensive economic deal. 

Under the new arrangement, Canada has pledged to bolster its northern border security by deploying nearly 10,000 frontline personnel and accelerating its $1.3 billion border plan. Among the key measures, the government will launch a Canada–U.S. Joint Strike Force aimed at curbing fentanyl smuggling and organized crime—a commitment that underscores the seriousness of the negotiations. 

The move follows a similar pause announced for tariffs on Mexican imports, with Mexican President Claudia Sheinbaum also agreeing to deploy additional troops to secure the border. The temporary suspension is seen as an effort to stave off a potentially damaging trade war that could affect industries and jobs on both sides of the border. 

While the agreement grants time for further discussions, both Canadian and American officials remain cautious. For Canada, the pause is not only a diplomatic victory but also an opportunity to implement long-term measures that address pressing security concerns. In the United States, business leaders and policymakers are watching closely, hopeful that this period of negotiation will lead to a stable, mutually beneficial economic arrangement.

The coming weeks will be crucial as both nations work to finalize the details of an economic pact that could reshape trade relations and enhance border security for the foreseeable future.

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