Ontario Imposes 25% Electricity Tariff on U.S. Exports
Ontario Imposes 25% Electricity Tariff on U.S. Exports

Ontario Imposes 25% Electricity Tariff on U.S. Exports

News summary

Ontario Premier Doug Ford has implemented a 25% surcharge on electricity exports to the U.S., specifically affecting 1.5 million customers in Michigan, Minnesota, and New York. This measure is a retaliatory response to tariffs imposed by President Trump, which Ford argues are detrimental to both countries. The surcharge will generate approximately $400,000 daily, aimed at supporting local Ontario businesses and families. Ford has stated he may increase the surcharge or even halt electricity exports completely if the U.S. escalates its tariffs. Despite Trump's recent decision to postpone some tariffs, Ontario insists the surcharge will remain until U.S. tariffs are fully lifted. This escalation in trade tensions reflects the broader economic conflict between the two nations.

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