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Ontario imposes 25% surcharge on electricity exports to U.S.

  • Ontario's premier, Doug Ford, announced a 25% surcharge on electricity exports to the U.S. Effective Monday, impacting 1.5 million Americans.
  • The surcharge aims to raise revenue of $300,000 to $400,000 Canadian daily to support Ontario's workers and businesses.
  • Ford stated, "Until the threat of tariffs is gone for good, Ontario won’t back down," indicating a strong stance against U.S. Tariffs.
  • President Donald Trump's tariffs have drawn retaliatory measures from Canada, with impacts on various goods and concerns about a broader trade war.
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Forbes broke the news in United States on Monday, March 10, 2025.
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