In the latest twist in an escalating trade war between the US and Canada, Donald Trump announced doubling tariffs on Canadian steel and aluminium to 50% only to halt them hours later, after Ontario’s premier Doug Ford suspended a planned 25% surcharge on electricity exports to the United States. Wall Street had another chaotic trading day. Plus, embattled Japanese carmaker Nissan has announced a management reshuffle. Ivan Espinosa will replace Makoto Uchida as CEO next month.
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