I didn't think that the Ontario Premier would be dumb enough to follow through with his ridiculous tariffs but he did:
Ontario is imposing a 25 per cent surcharge on all U.S.-bound electricity as part of its retaliatory measures against U.S. President Donald Trump's tariffs on Canadian goods.
The new levy took effect Monday and will add about $10 per megawatt-hour to the cost of power heading south, the province says. It will generate an estimated $300,000 to $400,000 per day, money that will be used to support workers and businesses hit by U.S. tariffs. [...]
"Until these tariffs are off the table, until these tariffs are gone for good, Ontario will not relent. We will not back down," Ford said alongside Ontario Energy Minister Stephen Lecce.
Yeah, how's that working out?
U.S. President Donald Trump said on Tuesday he has instructed his commerce secretary to put an additional 25 per cent tariff on all steel and aluminum coming into the United States from Canada, bringing the total tariff on those products to 50 per cent starting Wednesday.
The president said the move is in response to Ontario's 25 per cent surcharge on electricity shipped to 1.5 million American homes and businesses across three states.
The US has a yearly trade deficit of $60 billion with Canada. Prolonged tariffs will be a net benefit for the US. This anti-Trump and anti-American sentiment is only going to hurt Canadians in the end.
Update
Wow, that was fast!
Ontario has agreed to suspend its 25 per cent surcharge on electricity exports to the U.S. following a call between Premier Doug Ford and Commerce Secretary Howard Lutnick Tuesday afternoon as President Donald Trump threatened to double tariffs on all steel and aluminum coming from Canada.
"We will not back down." That's what the Ontario Premier said. He backed down one day later. Macho yesterday, comical today.