On Tuesday, the Canadian province of Ontario backed away from its threat to impose a surcharge on electricity to three American states. Ontario had announced a 25 percent surcharge on electricity exports to Michigan, New York, and Minnesota.
The stock market dropped sharply in recent days as investors worried about the effects of President Donald Trump’s new tariffs on Canada and Mexico.
Trump is dismissing business concerns over the uncertainty caused by his planned tariffs on a range of American trading partners and the prospect of higher prices.
NEW DELHI (Reuters) -India needs to buy more defence products and lower its tariffs on U.S. products for the two countries to be able to sign a "grand" bilateral deal, U.S. Commerce Secretary Howard Lutnick told India Today television on Friday.