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

First Majestic Q3 Earnings: Another RECORD Quarter!

Barrick Q3 Earnings: Juicing Shareholder Returns Amid Declining Production

Wheaton Q3 Earnings: Cash Operating Margins Skyrocket

Recommended

Canadian Copper Set To Submit Environmental Impact Assessment In H1 2026 For Murray Brook

Goliath Resources Extends High Grade Zone To 580 Metres In Latest Assays

Related News

Nike Call Frenzy Fuels Speculation For Vietnam Tariff Deal

A surge in out-of-the-money call option activity on Nike late Monday has ignited speculation of...

Tuesday, April 22, 2025, 02:19:00 PM

Trump Extends Anew China Tariff Deadline For 90 Days

The US will roll its China tariff deadline forward by another 90 days, handing Beijing...

Monday, July 28, 2025, 02:13:00 PM

Government-Owned Tim Hortons Bleed $487K in Latest Fiscal Year

Two Tim Hortons outlets operated by Windsor Regional Hospital are losing $1,336 daily — equivalent...

Friday, December 13, 2024, 12:54:00 PM

Ontario Man Swallows Bee on TV

Ontario’s always colorful Premier Doug Ford made headlines this afternoon. Why you ask? Because… Holy...

Friday, August 12, 2022, 09:00:55 PM

John Tory’s Office Egged On His Final Day As Toronto Mayor

Disgraced Toronto Mayor John Tory has officially resigned, effective as of 5:00 PM on Friday....

Friday, February 17, 2023, 09:47:17 AM