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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Questcorp Wraps Expanded Drone Survey at La Union as Summer Drilling Approaches

Related News

US Readies Up To 3,521% Tariff on Southeast Asian Solar Panels

The US Commerce Department is set to impose tariffs as high as 3,521% on solar...

Tuesday, April 22, 2025, 12:11:00 PM

Air Ford One: Ontario Buys $29M Executive Jet For Doug Ford

Ontario has quietly added a $28.9 million executive jet to Premier Doug Ford’s travel toolkit,...

Friday, April 17, 2026, 09:45:00 AM

Ford Gov’t Headed For Massive Budget Deficit Due To Interest Rates And $3B Infrastructure Bank

Ontario’s journey towards fiscal balance has encountered unexpected hurdles, according to the Ministry of Finance....

Friday, November 3, 2023, 03:07:00 PM

US Launches 104% Tariffs As China Indicates It Will Raise Tariffs To 84%

The US has imposed a 104% tariff on Chinese imports, which could be the largest...

Wednesday, April 9, 2025, 09:33:00 AM

Ontario Stakes $31M to Defend Legal Cannabis Revenue Stream

The battle against unauthorized cannabis sales in Ontario is receiving a big boost, with provincial...

Friday, November 1, 2024, 03:19:00 PM