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Further escalation yesterday in the trade war between the United States and Canada. In response to the announcement of a Canadian surcharge on electricity exported to the United States, Donald Trump retaliated by raising tariffs on aluminium and steel by a further 25% to 50%, although he later retracted this decision.

President Trump said that he would add an extra 25% tariff on Canadian steel and aluminum - raising those tariffs to 50% - if Canada does not remove the 25% tariff it placed on electricity from three US states. Ontario's Premier Ford said that he agreed to suspend the 25% electricity surcharge.








