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 $30,000 Gold Case Just Got Stronger | Simon Marcotte

Why Silver’s Move Is ‘Scary’ to Some Miners | Frank Basa

Are Commodities Entering a Generational Cycle? | Terry Lynch

Recommended

Steadright Closes Out Financing, Raising $1.6 Million For Moroccan Strategy

Questcorp and Riverside Lock Down Key Sonora Mineral Concessions

Related News

Federal Appeals Court Rules Trump’s Global Tariffs Illegal

A federal appeals court ruled Friday that most of President Donald Trump’s sweeping global tariffs...

Monday, September 1, 2025, 01:27:00 PM

Still No India-US Deal As Trump Tariffs Loom

Indian negotiators flew home Saturday after a fifth round of talks in Washington, but the...

Tuesday, July 22, 2025, 10:14:00 AM

Ontario Blinks In Tariff Contest With US, Temporarily Suspends Energy Surcharge

Ontario’s trade gambit took a sudden turn when Premier Doug Ford announced that his province...

Wednesday, March 12, 2025, 10:49:00 AM

Bank of Canada to Businesses: Get Used to the Turmoil

Economic uncertainty has become the new normal, and Canadian businesses need to accept that reality...

Friday, October 10, 2025, 11:33:00 AM

New Research Shows Americans, Not Foreign Countries, Pay Trump’s Tariffs

Americans bear nearly the entire financial burden of tariffs imposed by President Donald Trump, according...

Tuesday, January 20, 2026, 02:15:00 PM