ENB Pub Note: This will be a story to watch. When you ask Grok on X who will be affected, the response is; “The 25% electricity tariff from Ontario hits 1.5 million homes in Michigan, New York, and Minnesota. It’s a retaliation move against U.S. tariffs, and despite Trump’s suspension of some trade levies, Ontario’s Premier Doug Ford is pushing ahead starting Monday. Grid reliability and costs could take a hit.” – But in the overall view of the broken finances of the country, this is part of the proper sizing of global trade. Canada has had unfair tariffs on US products for years. This will be one to watch to see who blinks first. So,, is this a “Snow Mexican Standoff?”
A Snow Mexican Standoff — Created by Grok on X
Canada will enact a 25 percent tariff on energy flowing into parts of the U.S. on Monday, Ontario Premier Doug Ford said, as U.S. President Donald Trump plows on with his trade war with America’s top trading partners.
Why It Matters
Trump said on Thursday he would grant Canada and Mexico a one-month reprieve on U.S. tariffs slapped on many of the two countries’ exports, exempting products that fall under a trade agreement inked during the Republican’s first term in office.
On March 4, Trump had imposed 25 percent tariffs on goods produced by Canada and Mexico, sparking turmoil in the global financial markets. In separate remarks on Friday, Trump alluded to possible fresh tariffs on Canadian lumber and dairy products.
Under Trump’s flip-flopping raft of tariffs, Washington placed a 10 percent tariff on Canadian energy, the major supplier to U.S. states hugging the northern border. Ford has pledged retaliatory 25 percent tariffs on Canadian electricity sent to the U.S. states of New York, Minnesota and Michigan from Ontario, to take effect on Monday.
Why It Matters
Trump said on Thursday he would grant Canada and Mexico a one-month reprieve on U.S. tariffs slapped on many of the two countries’ exports, exempting products that fall under a trade agreement inked during the Republican’s first term in office.
On March 4, Trump had imposed 25 percent tariffs on goods produced by Canada and Mexico, sparking turmoil in the global financial markets. In separate remarks on Friday, Trump alluded to possible fresh tariffs on Canadian lumber and dairy products.
Under Trump’s flip-flopping raft of tariffs, Washington placed a 10 percent tariff on Canadian energy, the major supplier to U.S. states hugging the northern border. Ford has pledged retaliatory 25 percent tariffs on Canadian electricity sent to the U.S. states of New York, Minnesota and Michigan from Ontario, to take effect on Monday.
Energy News Beat