The government of Ontario on Tuesday backed off its threat to impose a surcharge on electricity to three U.S. states amid broader trade talks. In a joint statement from Ontario

But Trump announced time was up on March 3, and the tariffs went into effect overnight. Stock markets slipped, Canada ordered reciprocal tariffs, and by Thursday, Trump gave another 30-day extension to goods covered under the United States-Mexico-Canada Agreement, which applies to approximately 38% of imports from Canada.