President Trump escalates tensions with Canada, threatening a 25% tariff on Canadian electricity in retaliation for Ontario’s export surcharge. Stocks tumble as the implications for the US economy loom large amid rising trade tensions.
In response to the escalating trade war instigated by President Trump, Ontario's Premier Doug Ford has announced a dramatic 25% hike in electricity prices for 1.5 million Americans, with potential shutdowns looming. This provocative move aims to generate crucial revenue while expressing frustration over U.S. tariffs.
