After back-and-forth tariff threats that sent markets sharply lower Tuesday, the US commerce secretary and the premier of Ontario said they would meet Thursday to renegotiate the free trade treaty known as the USMCA.
Ontario Premier Doug Ford says a 25% surcharge on electricity from Ontario going to the U.S. will go into effect starting Monday—the latest and potentially most
The U.S. president on Tuesday reiterated his claims on Canada’s territory as he increased tariffs, threatening to bring the country’s economy to its knees.
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Ontario’s leader said he will add a 25% export tax on electricity sent to New York and other states in retaliation for Trump’s tariffs. Ontario provides 2,500 of the 4,600 megawatts of capacity that New York draws upon from Canada, the NYISO reports.
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New York Magazine on MSNNot Just Tariffs: Trump’s Wildest Threats Against CanadaTrump and his aides have reportedly threatened to redraw the northern border, go after Canada’s minerals and water, and cancel NORAD.
Ontario implemented a 25 percent tariff on all electricity exports to the U.S. on Monday, impacting three states.
Ontario Premier Doug Ford threatened to impose a 25% surcharge on or shut off the electricity the province exports to Michigan, New York and Minnesota.
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