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Ontario Premier Doug Ford to reveal tariff plans for U.S. electrical imports
Ontario Premier Doug Ford announced a 25% tariff on U.S. electrical imports to end "chaos" and counter U.S. tariffs. The tariff, effective Monday, adds approximately $10 per megawatt-hour and is projected to generate $300,000-$400,000 daily. Ontario-produced power exported to the U.S. will also face a 25% surcharge. Ford asserts Ontario will not relent until U.S. tariffs are removed, and the Energy Minister stated the province will use every tool to defend Ontario and Canada.
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