Canada Slaps 25% Tariff on Electricity to Americans in Three States

The leader of Ontario, Canada, made good on his threats to slap a 25% tariff on electricity sent to neighboring U.S. states on Monday. The tariffs are a direct response to President Donald Trump’s tariffs against Canada, a form of economic coercion with the goal of making Canada a state or territory of the United States. The announcement of the 25% tariff on electricity to the U.S. was made by Ontario’s premier, Doug Ford, and energy minister, Stephen Lecce, at a press conference Monday. The electricity being imported to the U.S. primarily goes to three states: New York, Michigan, and Minnesota, though customers in other neighboring states like Wisconsin will also feel the impact. At least 1.5 million Americans will see the price hike, according to Canada’s CBC. The new tariff will add about $10 per megawatt-hour to electricity heading from Canada to the U.S., generating about $300,000 to $400,000 per day in extra revenue, according to the CBC. That money will be used to support busi ... Read full article.