Canada

Ontario will charge U.S. entities that import electricity from the province a roughly 25 percent surcharge tax that will cost importers about $400,000 per day, Ontario Premier Doug Ford said Monday, announcing the fee as retaliation for tariffs the U.S. imposed earlier this month. Ontario is prepared to up the surcharge or even shut off its electricity exports to the U.S. entirely, Ford said, promising that delays and exemptions will not be enough for him to lift the surcharge. President...

President Trump's moves to impose steep tariffs on Canada and Mexico and then suspend duties on many products for a month are sparking deep uncertainty across the economy and hampering trade-dependent business decisions, Democratic lawmakers argued this week. The administration on Tuesday imposed long-promised 25 percent duties on all Mexican and most Canadian goods and doubled a 10 percent tariff on Chinese imports. However, on Thursday Trump said he had given all goods entering the U.S. under the U.S.-Mexico-Canada Agreement...

President Trump on Thursday announced a one-month pause for the 25 percent tariffs on Mexican goods for products that enter the U.S. under the U.S.-Mexico-Canada Agreement – “out of respect” for Mexican President Claudia Sheinbaum’s cooperation on addressing migration and fentanyl at the border, he said. A 25 percent tariff rate on all Mexican goods – along with 25 percent tariffs on Canadian goods, except for 10 percent on Canadian energy – went into effect earlier this week ; the...