President Trump's decision to impose tariffs on imports from Canada and Mexico has initiated a trade war with significant repercussions. Canada and Mexico quickly retaliated with tariffs of their own, impacting over $20 billion in U.S. goods. These actions are expected to raise prices for American consumers and disrupt the electricity market, with Canada supplying a large portion of the U.S.'s energy needs. Amidst concerns over reliance on Canadian power, analysts suggest Canada may use its energy resources strategically in this trade conflict.
Trump's tariffs, which are widely expected to raise prices for U.S. consumers, are also poised to upend the American electricity market.
Withholding or taxing energy exports to the U.S. is an effective bargaining chip for Canada—one of the country's most powerful.
Collection
[
|
...
]