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Canada will keep its trade retaliation in place until the U.S. lifts its own tariffs and commits to free trade, said Mark Carney, who will succeed Justin Trudeau as Canada’s prime minister.

President Donald Trump said he was re-evaluating plans to double steel and aluminum tariffs on Canada to 50% after Ontario said it would suspend a 25% surcharge on electricity sent to the U.S.

Concern about U.S. President Donald Trump’s threats to impose tariffs on U.S. imports of Canadian oil is waning as the duties’ start date keeps getting pushed back.

Ontario’s premier announced that effective March 10 it is charging 25% more for electricity to 1.5 million Americans in response to U.S. President Donald Trump’s trade war.

Canada will keep in place its retaliatory tariffs against U.S.-made products as long as President Donald Trump persists with a trade war, said Mark Carney.

President Donald Trump said he may implement reciprocal tariffs on Canadian lumber and dairy products as soon as March 7, threatening again to disrupt cross-border trade.

Crude is among the beneficiaries of President Donald Trump’s one-month reprieve on tariffs for some imports from Canada and Mexico, a boost to oil industry leaders.

President Donald Trump on March 6 postponed 25% tariffs on many imports from Mexico and some imports from Canada until April 2 amid fears of the economic fallout from a broader trade war.

Canadian Prime Minister Justin Trudeau said March 6 he expects Canada and the U.S. to be in a trade war for the foreseeable future after a call with U.S. President Donald Trump.

“Mexico could put their own import tariffs on — that could reduce the U.S. freight advantage. It’s a matter of how fierce the trade war gets,” said Pat Boova.