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The US Energy Secretary stated that the possibility of revoking the tariff on Canadian oil still exists, while Ontario is imposing a 25% surcharge on electricity exported to the US.
The US Energy Secretary announced that Trump might consider revoking the plan to impose import tariffs on Canadian oil in April. Crude Oil Futures narrowed their decline to less than 0.6%, reporting at $66.65. On the same day, the government of Ontario, Canada, officially imposed a 25% surcharge on all electricity exported to three US states.