According to The Kobeissi Letter, Ontario has decided to suspend its 25% tariff on electricity exports to Michigan, New York, and Minnesota. This decision follows an agreement for a meeting between Premier Ford and US Commerce Secretary Lutnick on Thursday.

According to The Kobeissi Letter, Ontario has announced the suspension of its 25% tariff on electricity exports to Michigan, New York, and Minnesota. This decision follows an agreement for a meeting between Ontario Premier Ford and US Commerce Secretary Lutnick on Thursday.

According to The Kobeissi Letter, Ontario has implemented a 25% export tax on electricity to the US, as reported by WSJ. This measure affects approximately 1.5 million homes in Minnesota, Michigan, and New York, and is a direct response to President Trump's tariffs. Traders should monitor potential shifts in electricity prices and supply chain adjustments in these states, which could influence related market sectors.