Ontario's 25 Percent Tariff on US Electricity Begins
A 25% tariff on electricity sent by Ontario, Canada, to the U.S. began Monday.
A 25% tariff on electricity sent by Ontario, Canada, to the U.S. began Monday.
Ontario Premier Doug Ford last week said his province would slap a 25% export tax on electricity it sends to 1.5 million homes in New York, Michigan, and Minnesota, The Wall Street Journal reported.
The move is to counter President Donald Trump's 25% tariff on Canadian imports.
"And honestly, it really bothers me we have to do this," Ford told CNN on Thursday. "I don't want to do this. I want to send more electricity, more critical minerals, more oil. That's what we want to do."