U.S.-Canada Trade Dispute Deepens Over Electricity Tax
A new trade dispute between the U.S. and Canada has intensified, particularly following Ontario’s move to impose a significant electricity tax on U.S. consumers in northern states.
Rising Tensions and Trade Impact
In response, the Trump administration has imposed new tariffs, escalating tensions and disrupting the stable trade relationship that existed under NAFTA and the USMCA. The once strong U.S.-Canada trade ties, which rely on integrated supply chains, are now strained due to Trump’s protectionist policies, impacting industries such as steel, aluminum, and energy.
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