Ontario Slaps 25% Surcharge on US electricity
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Doug Ford, the premier of Ontario, announced that as of Monday, Ontario will impose a 25% surcharge on electricity sold to 1.5 million American customers. This move is in direct response to Trumps ongoing trade war.
Ontario supplies electricity to Minnesota, New York, and Michigan. Ford warned that he was prepared to escalate further if necessary. I will not hesitate to increase this charge. If the United States escalates, I will not hesitate to shut the electricity off completely, he said at a news conference in Toronto.
Ford added, Believe me when I say I do not want to do this. I feel terrible for the American people who didnt start this trade war. Its one person who is responsible, its President Trump.
Despite Trumps offer of a one-month reprieve, Ford said Ontario would keep the surcharge in place, arguing that temporary pauses only create further uncertainty.
According to Fords office, the new market rules require any electricity generator selling power to the US to apply a 25% surcharge. The provincial government expects to generate between $208,000 and $277,000 per day in additional revenue, which will be used to support Ontario workers, families, and businesses.
This surcharge adds to the Canadian federal governments existing $21 billion worth of retaliatory tariffs on American products, including orange juice, peanut butter, coffee, household appliances, footwear, cosmetics, motorcycles, and certain pulp and paper products.
Meanwhile, Mark Carney was elected leader of Canadas ruling Liberal Party on Sunday. The 59-year-old is expected to officially take over as prime minister within the next week, succeeding Justin Trudeau.
In his victory speech, Carney directly addressed the challenges posed by US President Donald Trump, calling his administration “the most significant threat Canadians have faced in their lifetime.” He warned, If they succeed, they would destroy our way of life.
To loud cheers from supporters in Ottawa, Carney announced his intention to keep Canadas reciprocal tariffs on US goods in place until the United States treats Canada with respect. He also dismissed Trumps suggestion that Canada could become a 51st US state, saying, Canada never, ever will be part of America in any way. Americans should make no mistake: In trade, as in hockey, Canada will win.
Ive learned a few things from long experience in crises. The first is that plan beats no plan, he said. His vision includes building millions of homes, transforming Canada into an energy superpower, and establishing new trade corridors with “reliable partners.”
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