Canada folds to Trump and CANCELS bombshell electricity tariff after president’s trade war escalation [Video]

15:12 EDT 11 Mar 2025, updated 16:33 EDT 11 Mar 2025

Canada folded to President Donald Trump after he vowed the nation would pay a historically big ‘financial price’ for the electricity tariff it imposed on the United States.

Hours later, Ontario Premier Doug Ford said he would cancel the 25% tariff on Canadian electricity to Michigan, New York and Minnesota that he put in place on Monday. 

That move was an escalation in response to earlier tariffs from Trump as the trade war between the two countries has intensified. 

The Premier said he spoke with Commerce Secretary Howard Lutnick about the situation and they agreed to meet on Thursday to discuss reciprocal tariffs that Trump wants to put in place on April 2.

‘In response, Ontario agreed to suspend its 25 per cent surcharge on exports of electricity to Michigan, New York and Minnesota,’ Ford said.

Trump, in response, agreed not to double tariffs on Canadian steel and aluminium …