Mon, 10 Mar 2025

Mon, 10 Mar 2025 Ontario says it will slap a 25% surcharge on US-bound electricity

The move is in retaliation to Trump's tariff threats on Canada, and is expected to raise energy costs for 1.5 million US homes.

* Ontario, Canada's most populous province, has imposed a 25% surcharge on electricity exports to US states in response to President Trump's tariffs on Canadian goods.
* The surcharge will increase costs by $10 (£7.75) per megawatt-hour for US customers, affecting around 1.5 million American homes in the northern border states of New York, Michigan, and Minnesota.
* Ontario leader Doug Ford said the surcharge will remain until the threat of tariffs from the US is lifted.
* The revenue generated by the surcharge will be used to support local workers and businesses affected by US tariffs on Canada.
* This move comes as part of Canada's reciprocal tariffs imposed on $30 billion worth of US goods, including clothing, perfume, and orange juice.
* President Trump has threatened a 25% tariff on all Canadian exports to the US, which could result in job losses in Canada and higher prices for Americans.
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