Canada’s province of Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump’s tariffs, said Doug Ford, Ontario’s leader. Ford added that he will direct the province’s energy producers to shut down the e

Canada’s province of Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump’s tariffs, said Doug Ford, Ontario’s leader.

Ford added that he will direct the province’s energy producers to shut down the exports entirely if Trump moves ahead with even more tariffs on April 2. He said he would direct his minister of energy to redirect energy from an Ontario nuclear reactor to local manufacturers instead.

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  • humanspiral
    14·
    2 days ago

    Don’t have the standard hatred for Russia, but it is silly to give them preferential trade status, while every ally is “screwing over the US”. SK Potash has a huge shipping advantage to farm areas over sea and coastal ports.

    Other Premiers should be more aggressive on export taxes now, and if somehow we need to compete with Russian Potash in a month, then they can be revisited.