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

The Hidden Environmental Cost of Fertilizer | Robin Dow

Could Silver Stay This High? | Joaquín Marias – Argenta Silver

Can Historic Silver Data Turn Into a New Mine? | Rob Macdonald – Equity Metals

Recommended

Ottawa Backs First Phosphate Battery Grade Validation Push With $16.7M Boost

First Majestic Drills 3.43 g/t Gold Over 24.4 Metres At Jerritt Canyon

Related News

Apple Announces $100B Manufacturing Investment As Trump Threatens Chip Tariffs

Apple (Nasdaq: AAPL) CEO Tim Cook joined President Donald Trump at the White House on...

Thursday, August 7, 2025, 11:05:00 AM

Tuberville Shrugs Off Market Rout, Says Stock Values Were Inflated

Republican Senator Tommy Tuberville defended recent stock market declines on Monday, attributing the drop to...

Sunday, March 16, 2025, 07:37:00 AM

Joly Differentiates GM’s Ontario Exit From Stellantis: “Not Going Well Commercially”

General Motors has ended BrightDrop electric van production at its CAMI Assembly plant in Ingersoll,...

Wednesday, October 22, 2025, 02:10:00 PM

Walmart Warns Of ‘Unprecedented’ Tariff-Induced Price Surge

Walmart’ this week issued a warning for “unprecedented” price hikes tied to US-China tariffs, as...

Saturday, May 17, 2025, 11:15:00 AM

Europe Fights Back With $20B Retaliatory Tariffs

The EU confirmed that it will impose retaliatory tariffs on more than $20 billion worth...

Thursday, April 10, 2025, 09:37:00 AM