Summary
Ontario will impose a 25% surcharge on electricity exports to New York, Michigan, and Minnesota starting Monday in retaliation for Trump’s tariffs on Canadian goods.
Premier Doug Ford warned U.S. governors and vowed to maintain the surcharge until all tariffs are lifted.
Canada has already imposed $30 billion in retaliatory tariffs, with more planned.
Ford also threatened to cut power to the states by April and banned U.S. firms from bidding on Ontario contracts. A $100M SpaceX deal for rural internet was also scrapped in response.
The era of US-Canada being brothers in arms is over. I doubt US will be receiving any favors in the future without something in return. And if Canada chooses to expand their supply chains outside of the US, which they 100% should, there’ll be no coming back to a scale of trade as it exists today.