Trump's long-threatened tariffs against Canada and Mexico went into effect Tuesday, putting global markets on edge and setting up costly retaliations by North American allies of the U.S.
Prime Minister Justin Trudeau said Canada will impose 25% tariffs on $107 billion worth of U.S. goods if the Trump administration follows through with its proposed tariffs on Canadian goods.
According to the Canada Energy Regulator, 2022 revenue from Canadian electricity sales to the U.S. topped $5.8 billion, an all-time high, with Quebec and Ontario leading other provinces.
Ford said he plans to match the U.S. tariff, dollar for dollar.