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

Why Industrial Demand Is Changing the Silver Market | David Morgan

Gold and Silver Delivery Is Exposing the Paper Market | Andy Schectman

Recommended

Steadright To Acquire 75% Interest In Moroccan Copper-Lead-Silver Project

Nations Royalty Names Derrick Pattenden As President And CEO

Related News

Beijing Finally Agrees to Talk Trade with Washington

China has confirmed that Vice Premier He Lifeng will meet with US Treasury Secretary Scott...

Thursday, May 8, 2025, 04:32:00 PM

Ontario First Nation Seeks to Halt Ring of Fire Mining Development

Marten Falls First Nation has launched a legal challenge to block government participation in northern...

Tuesday, August 12, 2025, 12:02:00 PM

Brazil’s Lula: ‘We Can Survive Without the US’ After Trump Tariff Threat

Brazilian President Luiz Inácio Lula da Silva responded forcefully Thursday to US President Donald Trump’s...

Friday, July 11, 2025, 10:08:00 AM

Canadian Trucker TFI Plans To Leave Canada For The US

TFI International Inc. (TSE: TFII) announced plans to relocate its headquarters from Montreal to the...

Thursday, February 20, 2025, 02:53:00 PM

Ontario Health Minister Refuses to Allow Toronto to Even Suggest It Should Decriminalize Drugs

The Ontario government is giving the Toronto Public Health’s request to decriminalize small amounts of...

Friday, May 17, 2024, 10:40:00 AM