Canada hits US electricity with 25% tariffs from three states
The leader of Ontario, Canada, made good on his promise to slap 25% tariffs on electricity being sent to neighboring U.S. states this week. The move is in direct response to President Donald Trump’s tariffs on Canada, part of a strategy to economically coerce Canada into becoming a part of the U.S.
The announcement of the tariffs was made by Ontario Premier Doug Ford and Energy Minister Stephen Lecce at a press conference. The imported electricity mainly goes to states like New York, Michigan, and Minnesota, affecting around 1.5 million Americans. The tariffs will add about $10 per megawatt-hour and generate extra revenue to support businesses affected by Trump’s tariffs.
### Trump’s Tariff Strategy
President Trump has threatened tariffs not just on Canada, but also on other countries like Mexico. Despite some exemptions, Canada is standing firm until all tariffs are removed. Ford emphasized the need for fair agreements and working together to end the chaos caused by the tariffs.
### Ford vs. Trump
Ford, who was previously seen as an ally of Trump, has become an unexpected opponent of the president’s policies. Canadians have shown their displeasure with Trump’s threats through actions like boycotting American products and removing them from shelves. Ford has also been in talks with U.S. Republicans who disagree with Trump’s approach.
### Market Impact
Ford highlighted the negative impact of Trump’s actions on the stock market, urging him to pay attention to the falling values. While Trump remains confident and denies talk of a recession, Canadians are taking the situation seriously.
Overall, the relationship between Canada and the U.S. remains strong despite the disagreements over tariffs and economic policies.
