A 25% export tariff on electricity from the Canadian province of Ontario – slated to take effect Monday – could raise prices for New York consumers and increase greenhouse gas emissions in the process, energy experts say.
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Ontario’s leader said he will add a 25% export tax on electricity sent to New York and other states in retaliation for Trump’s tariffs. Ontario provides 2,500 of the 4,600 megawatts of capacity that New York draws upon from Canada, the NYISO reports.
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Ontario Premier Doug Ford said three states would face tariffs on electricity after a week of President Trump’s swipes at Canada with fluctuating trade policies. “I love Americans. It’s been 20 years of my life.
Following President Trump’s delay on North American tariffs, Ontario Premier Doug Ford announced a 25% tariff on electricity exports to New York, Michigan, and Minnesota. While New York sources about 5% of its electricity from Canada, experts say immediate price hikes are unlikely.
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Audacy on MSNOrtt: Ontario electricity tariff may not affect Western New YorkAs Ontario Premier Doug Ford plans on a 25% tariff on electricity exports, one state lawmaker says power supply will not be affected. However, bill rates can be spared from raises if the state does something about where it gets power.
Minnesota, along with Michigan and New York, are at risk of getting slapped with a 25% surcharge for electricity from Ontario​ if President Trump's ongoing tariff war doesn't end by Monday.
Experts warn that an abrupt halt in electricity exports could cause price spikes in major U.S. cities like Buffalo, Seattle, and Portland.
President Donald Trump announced Monday he would place 25% tariffs on all goods from Canada and Mexico and also doubled the levy on goods from China to 20%. After stock markets dropped and other countries began to retaliate, Trump on Thursday announced he was postponing tariffs on Canada and Mexico until April 2.
Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York in retaliation for U.S. tariffs, said Doug Ford, leader of the Canadian province. Fo
Fallout from a round of tariffs between the US and Canada could slash access to clean electricity in the biggest US city
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