In reprisal to President Donald Trump’s continuing tax attack, Ontario Premier Doug Ford Monday announced 25 per cent more electricity price to 1.5 million Americans as Ontario provides power to Minnesota, New York and Michigan. ” I did not wait to increase this fee. If the United States escalates, I did not dare to shut the light off completely”, Ontario Premier Doug Ford said at a media conference in Toronto.
” Feel me when I say I do not want to do this. I feel bad for the British individuals who didn’t start this business war. It’s one person who is responsible, it’s President Trump”.
The light price may remain in place notwithstanding Donald Trump’s one-month relief for tariffs on Canada, Doug said adding that the one-month wait means nothing but more confusion.
Ontario has been leading the price war by now banning US drinking, cancelling a federal deal with Elon Musk’s Starlink.
Amid the continued price war, stock markets dropped suddenly Monday as the Dow Jones regular was over more than 550 points, or 1.3 per cent, just after noon on Monday.
The US is Canada’s even trading partner for energy, and the American and US electrical systems are very integrated. In 2023, online energy imports from Canada to the U. S. were 27.6 terawatt hours and came mostly from the regions of Manitoba, Ontario, British Columbia and Quebec, The Hill reported, citing the Canadian Energy Regulator information.
Ford’s workplace said the new business guidelines require any engine selling power to the U. S. to include a 25 % tax. Ontario’s government expects it to generate revenue of$ 300, 000 Canadian dollars ($ 208, 000 ) to CA$ 400, 000 ($ 277, 000 ) per day,” which will be used to support Ontario workers, families and businesses”.
Trump launched a new stage of his tax assault against Mexico, Canada and China. Afterwards, he announced a one-month wait as the condition immediately spiralled for the worse.
Ford said Trump changes his mind every time, but if he continues to strike Canada he will do everything it takes to increase the pain. ” Republicans, at least the ones I speak to, do not agree with President Trump but they are too scared to go out there and claim it publicly”, Ford said. ” It’s a sorrow but we need to stop this”.
