Ontario’s Premier, Doug Ford, announced a 25% increase in electricity export charges to the United States, effective Monday, affecting approximately 1.5 million American homes and businesses.

This move is a direct response to President Donald Trump’s recent trade measures against Canada.

The surcharge targets electricity exports to states including Minnesota, New York, and Michigan. Ford expressed regret over the impact on American citizens, attributing the situation to President Trump’s actions. ​

The Ontario government anticipates that the surcharge will generate between $208,000 to $277,000 daily, funds intended to support local workers, families, and businesses. ​

In Minnesota, Governor Tim Walz criticized President Trump’s trade policies, expressing concern over potential future tariffs on essential products like potash fertilizer. Minnesota Power and the regional power grid operator, MISO, predict minimal impact on their electricity supply from Ontario. ​

Michigan’s Public Service Commission acknowledged that most of the state’s electricity is produced locally or through long-term contracts. However, they expressed concerns about the reliability of the interconnected electric grid between the U.S. and Canada.

New York’s Governor Kathy Hochul has directed state energy officials to assess how the tariffs could affect energy costs within the state. ​

These developments underscore the escalating trade tensions between the U.S. and Canada, with potential implications for energy markets and consumers in the affected states.​

^{BitcoinVersus.Tech Editor’s Note:}

^{We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here}

BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes.