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

SSR Mining Walks Away From a World Class Gold-Copper Project

Why More Canadians Are Starting to Think About Leaving | Jesse Day

Instead of Waiting, This Gold Developer Went Bigger | Kenneth McLeod – Sonoro Gold

Recommended

Why This Gold Company Keeps Spinning Out Assets | John-Mark Staude – Riverside Resources

Silver at $75 and Why U.S. Silver Ounces Are Getting Hard to Find | Galen McNamara – Silver47

Related News

Amazon Tariff Transparency Spurs White House Backlash: “Not A Surprise”

Amazon’s (NASDAQ: AMZN) decision to display the cost of Trump-era tariffs on product listings has...

Tuesday, April 29, 2025, 09:40:16 AM

Ontario Minister Touts Interest From “More Than Half A Dozen” Battery Makers After Trade Mission

Ontario is currently in talks with at least six EV battery manufacturers as a result...

Tuesday, October 25, 2022, 02:21:00 PM

Canadian Premiers Press Trudeau for Stronger Border Security

Canadian provincial leaders urged Prime Minister Justin Trudeau on Wednesday to strengthen border security and...

Monday, December 2, 2024, 02:04:00 PM

US-India Trade Framework Explained: Tariff Cuts And Carveouts

The US and India say they have a framework for an interim trade agreement, meant...

Monday, February 9, 2026, 11:23:00 AM

US Energy Storage Costs Set to Spike Up to 50% as Trump Tariffs Hit Supply Chains

US energy storage costs could surge up to 50% as Trump tariffs target Chinese battery...

Friday, June 6, 2025, 02:59:00 PM