Ontario Surcharges US Electricity 25%

Canada — Ontario, Canada's most populous province, has imposed a 25% surcharge on electricity exports to the United States, effective March 10, 2025. This action, led by Premier Doug Ford, is a direct retaliation against the trade war initiated by U.S. President Donald Trump, who imposed tariffs on Canadian goods. The surcharge will affect 1.5 million Americans in United States — Minnesota, United States — New York (state), and United States — Michigan, adding an estimated CA$100 per month to their bills. Canada — Ontario expects to generate CA$300,000 to CA$400,000 daily from this measure, which will be used to support Canada — Ontario workers, families, and businesses. This new surcharge is in addition to the federal government's initial CA$30 billion worth of retaliatory tariffs on various American products. Doug Ford has stated that Canada — Ontario will not relent until Donald Trump's tariffs are permanently removed and has threatened to further increase the charge or completely shut off electricity exports if the United States escalates. The trade tensions have also seen Canada — Ontario pull U.S. liquor from shelves, abandon a contract with SpaceX — Starlink, and work to stop procuring goods from U.S. companies. Other Canadian provinces like Canada — Quebec are considering similar measures, and Doug Ford has suggested Canada — Alberta impose an export tax on oil to the United States. The broader trade war has caused financial markets to react negatively, with Donald Trump's actions drawing immediate retaliation from Mexico, Canada, and China.