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:

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines
  • 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 Is This $1.5 Billion Gold Story Worth Just $37 Million? | Fredonia Mining PEA

This Copper Stock Exploded Before Anyone Knew the Grade | Decade Resource

Silver Miners Will Crush Gold Miners | Adrian Day

Recommended

Mercado Minerals Signs LOI for La Franca, Adding 750 Metres of Undrilled Vein at Zamora

Goliath Hits Visible Gold In Bonanza Zone Step-Outs, Drills 9.12 g/t Gold Equivalent Over 11.27 Metres

Related News

Ontario Freezes Hiring Across 143 Agencies As Gov’t Staffing Rises 4.7%

Ontario Treasury Board president Caroline Mulroney ordered an immediate hiring freeze covering all 143 provincial...

Saturday, October 4, 2025, 09:23:00 AM

Ontario Is Not Prepared For Its Future Population

Ontario’s population is expected to surge by 30% in the next two decades, but some...

Monday, August 29, 2022, 10:41:00 AM

Further Steel Tariffs Loom With Trump’s Erratic Trade Policy

Donald Trump’s sudden decision to double steel tariffs from 25% to 50% has thrust North...

Monday, June 2, 2025, 07:28:54 AM

Trump: 50% or 100% Tariffs On Cars

As part of his relentless tirades on trade relations, President Donald Trump has also set...

Tuesday, February 11, 2025, 03:41:00 PM

Ontario Awards SpaceX $100 Million for Rural Internet Access

Ontario has awarded a $100 million contract to Elon Musk’s SpaceX to provide satellite internet...

Friday, November 15, 2024, 02:19:00 PM