Donald Trump halts doubling tariffs after Ontario premier backs down on US electricity surcharge

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.