In a significant escalation of trade tensions, Ontario has imposed a 25% surcharge on electricity exports to the United States. This move affects 1.5 million American households and businesses, predominantly in New York, Michigan, and Minnesota.
Premier Doug Ford has firmly stated that should the situation worsen, he may consider cutting off power entirely. This surcharge, aimed at countering President Trump's tariffs on Canadian goods, is expected to generate substantial daily revenue, estimated between C$300,000 and C$400,000.
The decision underscores Ontario's strategic leverage, as the province supplies a significant portion of U.S. electricity imports. As Ford criticizes Trump's tariffs as detrimental to the U.S. economy, this bold stance reflects the growing complexities of cross-border trade relations and the potential economic ramifications for both nations.
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