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Ontario slaps 25% increase on electricity exports to US in response to Trump's trade war
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....ntario slaps 25% increase on electricity exports to US in response to Trump's trade war<BR>PTI News<BR>Dated:- 10-3-2025<BR>PTI<BR>Toronto, Mar 10 (AP) Ontario's premier, the leader of Canada's most populous province, announced that effective Monday his province is charging 25% more for electricity to 1.5 million Americans in response to US President Donald Trump's trade war. Ontario provides el....
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....ectricity to Minnesota, New York and Michigan. “President Trump's tariffs are a disaster for the US economy. They're making life more expensive for American families and businesses," Ontario Premier Doug Ford said in a statement. “Until the threat of tariffs is gone for good, Ontario won't back down. We'll stand strong, use every tool in our toolkit and do whatever it takes to protect Ontari....
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....o.” Ford has said Ontario's tariff would remain in place despite the one-month reprieve from Trump, noting a one month pause means nothing but more uncertainty. Ford's office said the new market rules require any generator selling electricity to the US to add a 25% surcharge to the US Ontario's government expects it to generate revenue of $300,000 Canadian (US$208,000) to $400,000 Canadian (....
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....US$277,000) per day, “which will be used to support Ontario workers, families and businesses”. The new surcharge is in addition to the federal government's initial $30 billion Canadian (US$21 billion) worth of retaliatory tariffs have been applied on items like American orange juice, peanut butter, coffee, appliances, footwear, cosmetics, motorcycles and certain pulp and paper products. Tr....
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....ump launched a new trade war last week by imposing tariffs against Washington's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin. Trump later said he has postponed 25% tariffs on many goods from Canada and Mexico for a month, amid widespread fears of a broader trade war. (AP) SCY SCY<BR> News - Press release....
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.... - PIB....