Trump halts doubling tariffs after Ontario premier backs down on US electricity surcharge

Within the newest twist in an escalating commerce warfare between the US and Canada, Donald Trump introduced doubling tariffs on Canadian metal and aluminium to 50 p.c solely to halt them hours later, after Ontario’s premier Doug Ford suspended a deliberate 25 p.c surcharge on electrical energy exports to the USA. This led to a different chaotic buying and selling day on Wall Avenue. Plus, embattled Japanese carmaker Nissan has introduced a administration reshuffle: Ivan Espinosa is to switch Makoto Uchida as CEO subsequent month. 



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