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’s Next Move May Be Built on a Much Stronger Base | Mani Alkhafaji – First Majestic Silver

Guanajuato Silver Q1 Earnings: They Finally Post Positive Net Income

We’re in a New Era of Gold Price Discovery | Ryan King – Equinox Gold

Recommended

Silver47 Starts 10,000 Metre Campaign at Flagship Alaska Silver Project

Blue Jay Gold Launches 16,000 Metre Drill Program At Steller

Related News

How Tariffs Became US’s New Swiss Army Knife

While mainly an economic tool, tariffs are now being used to chase security objectives and...

Saturday, August 16, 2025, 09:24:00 AM

Two-Thirds Of India’s Exports To US Set To Face Trump’s 50% Tariffs

The imposed 50% tariff on Indian goods by the US recently took effect: the 25%...

Thursday, August 28, 2025, 03:36:00 PM

Pentagon Targets Domestic Gallium Recovery After China Export Curbs

The Pentagon plans to award contracts to North American companies by year-end to recover gallium,...

Friday, March 7, 2025, 10:39:00 AM

Trump’s Trade War Backfires as China’s Rare Earth Leverage Forces US Automakers Toward Chinese Production

President Donald Trump’s trade war aimed at reducing American dependence on Chinese manufacturing appears to...

Wednesday, June 4, 2025, 07:43:06 AM

China Confident in Economic Resilience Despite US Tariff Pressure

Chinese officials dismissed concerns about US tariffs this week, asserting they have ample tools to...

Saturday, May 3, 2025, 09:31:00 AM