Washington, March 11 -- US President Donald Trump has said that Canada will not impose tariffs on electricity coming into the United States after he backed down from a massive trade war escalation with its northern neighbour.

He accused Canada and Mexico of treating the US "unfairly" and also attacked the European Union calling it "horrible."

Speaking to reporters on Tuesday (local time), Trump said, "There's a very strong man in Canada who said he was going to charge a surcharge or a tariff on electricity coming into our country. He has called and he said he's not going to do that. And it would have been a very bad thing if he did. And he's not going to do that, so I respect that."

"Look, we've been treated very unfairly by Canada. We...