Doug Ford, the Ontario Premier, announced Tuesday that his province's planned 25% tariff on electricity exports to the U.S would be paused.

Ontario Premier Doug Ford responds to U.S. President Donald Trump's new 25% tariffs on imports from Mexico and Canada, in Toronto, Ontario, Canada March 4, 2025. REUTERS/Kyaw Soe Oo/File Photo OTTAWA (Reuters) - The premier of Ontario,

President Trump said he would “probably” reverse course on his decision to double tariffs on Canadian steel and aluminum imports. The shift comes after Doug Ford, Ontario’s premier, suspended the 25 percent surcharge on electricity exports to Michigan, Minnesota and New York.

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President Donald Trump signaled two big things this past weekend on the tariff front. One is that he is pressing forward with his full slate of tariffs on Canada and Mexico next month, despite the economic pain that has already arrived — and despite two month-long delays.

The tariffs, set to take effect on March 20, add a new front to a trade war largely driven by U.S. President Donald Trump's announcement of tariffs on Canada, Mexico and China and threats of protectionist measures on other nations.

President Donald Trump has dismissed the growing chorus of CEOs, investors and policymakers who are pleading with the White House for greater clarity about his sweeping tariff agenda.