Ontario Defiant on Energy Tax Despite Trump’s Tariff Delay

A one-month reprieve on US tariffs won’t change Ontario’s plan to impose a 25% surcharge on electricity exports to three American states, Premier Doug Ford confirmed Thursday.

The energy tax, set to begin Monday, targets power supplied to approximately 1.5 million homes and businesses in New York, Michigan, and Minnesota. It comes as part of a broader provincial response to trade tensions that erupted when the US imposed tariffs on Canadian goods earlier this week.

“We have learned one thing. You touch a stove and you burn yourself, you don’t touch that stove again,” Ford told Fox Business, emphasizing his government’s resolve despite President Donald Trump’s announcement temporarily exempting many Canadian and Mexican goods from tariffs until April 2.

Ford’s administration has already implemented several countermeasures, including:

  • Removing roughly 3,600 US products from provincial liquor control board shelves
  • Canceling a $100 million contract with Starlink, Elon Musk’s satellite internet company
  • Prohibiting American companies from bidding on approximately $15 billion in government procurement contracts

The provincial leader has even warned he could escalate the situation further. During an interview with Newstalk 1010 radio, Ford said he would increase the electricity export tax to 50% if Trump’s “economic attack” on Canada continued.

Ford noted in a Fox Business appearance that the temporary US tariff exemption covers only 62% of Canadian goods under the North American free trade agreement, leaving many products still subject to a 25% tariff.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Why Silver Needs to Slow Down to Go Higher | Dan Dickson – Endeavour Silver

Silver Dips Are Getting Bought, This Is How Breakouts Start | John Feneck

Why $100 Silver Right Now Would Be a Problem | Keith Neumeyer – First Majestic

Recommended

NexGen Launches 42,000 Metre Drill Program At PCE While Expanding Mineralized Footprint

First Majestic Hits 2025 Guidance, Producing 31.1 Million Silver Equivalent Ounces, Increases Dividend

Related News

Trump Tariffs Aftermath: Bailouts May Be Coming But No Pauses

The Trump administration is weighing the possibility of providing a lifeline to American exporters through...

Tuesday, April 8, 2025, 09:44:00 AM

Trump Tariff Revenue Soars To $22B In May — But Who Is Really Paying?

US customs‐duty inflows hit an unprecedented $22.3 billion in May, eclipsing April’s $17.4 billion take...

Friday, June 6, 2025, 12:13:00 PM

Despite Warmer Relations, US Envoy Says Canada Tariffs Likely to Persist

The United States has “moved beyond” President Donald Trump’s repeated suggestions that Canada become the...

Tuesday, May 13, 2025, 09:13:00 AM

Trump Strikes with 25% Secondary Tariff on Venezuela, Shaking Global Oil Trade

President Donald Trump has announced the imposition of a secondary tariff on Venezuela, aiming to...

Tuesday, March 25, 2025, 11:28:00 AM

7-Eleven Gets Its First Liquor License In Ontario

It looks like Ontario’s about to see “new” convenient places for quick bites, beer, and...

Monday, December 19, 2022, 10:34:00 AM