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

Canada May Finally Be Backing Its Battery Supply Chain | John Passalacqua – First Phosphate

The Forces Driving Gold Higher Are Not Going Away | Stefan Sklepowicz – Kirkland Lake Discoveries

Why This Mexico Silver Project Still Has Room to Grow | Daniel Rodriguez – Mercado Minerals

Recommended

Antimony Resources Expands Footprint as Soil Sampling Lights Up Ground South of Bald Hill

Mercado Drills 256 g/t Silver Over 6.5 Metres In First Drill Hole of Inaugural Program

Related News

Trudeau Is Answering Trump’s Reciprocal Tariffs With Own Reciprocal Tariffs

Prime Minister Justin Trudeau announced sweeping 25% retaliatory tariffs on $155 billion worth of American...

Tuesday, March 4, 2025, 10:10:00 AM

Canadian Business Outlook Clouded by Trade Tensions, Bank of Canada Survey Finds

Two-thirds of Canadian businesses expect their costs to rise and most would increase selling prices...

Thursday, April 10, 2025, 02:54:00 PM

OSC Introduces New Temporary Prospectus Exemption For Self-Certified Investors

The Ontario Securities Commission (OSC) is seeking to kickstart activity in the province’s capital markets...

Monday, October 31, 2022, 12:41:00 PM

Carney Warns of ‘Reprisals’ if Trump Tariff Negotiations Fail

Canadian Prime Minister Mark Carney said his government is holding back on immediate retaliation to...

Thursday, June 5, 2025, 10:45:00 AM

People ‘Need a Break’: Doug Ford Calls for Interest Rate Cuts

A day before the Bank of Canada is set to announce interest rates, Ontario Premier...

Wednesday, March 6, 2024, 07:03:00 AM