Ontario Imposes Surcharge on U.S. Electricity Exports
Ontario Imposes Surcharge on U.S. Electricity Exports

Ontario Imposes Surcharge on U.S. Electricity Exports

News summary

Ontario Premier Doug Ford announced a 25% surcharge on electricity exports to Minnesota, New York, and Michigan as a retaliatory measure against President Donald Trump's tariffs on Canadian goods. Ford emphasized his reluctance to harm American consumers, attributing the trade conflict solely to Trump's policies. The surcharge, expected to generate CAD $300,000 to $400,000 daily, will fund support for Ontario's workers and businesses. Despite a temporary one-month reprieve on some tariffs by Trump, Ford remains firm on maintaining the surcharge as long as tariff threats persist. Ford warned that further escalation could prompt a complete halt of electricity exports, highlighting the severe impact of the ongoing trade tensions. The move reflects broader retaliatory actions from Canada, as Trump’s tariffs have strained relationships with major trading partners.

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Left 46%
Center 38%
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13
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6
Center
5
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2
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Last Updated
23 min ago
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46% Left
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