Ontario, under Premier Doug Ford, announced a 25% surcharge on electricity exports to New York, Michigan, and Minnesota, a reaction to President Trump's proposed tariffs. Ford criticized these tariffs, saying they harm the US economy and families. The surcharge, costing around $10 per megawatt-hour, aims to raise significant revenue while opposing US tariffs that threaten Ontario's economy. Ford's government has also taken actions like cancelling contracts and withdrawing US alcohol products to further express discontent over these tariffs.
Ontario is imposing a 25% surcharge on electricity exports to New York, Michigan, and Minnesota as a protest against President Trump's tariffs, reflecting economic tensions.
Premier Doug Ford stated that Trump's tariffs are disastrous for the US economy, negatively impacting American families and businesses.
Ford emphasized that Ontario will not yield to tariff threats and will employ every method available to protect its economic interests.
The newly imposed surcharge aims to generate significant revenue while pushing back against US tariff threats that could jeopardize Ontario's economic ties.
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