Have your electricity bills skyrocketed this winter? Well, they are about to get even more expensive in three U.S. states as a result of President Donald Trump’s tariff wars with Canada.
On Monday, Canada’s Ontario province began adding a 25% retaliatory tariff on electricity imported into the U.S., which they say will add an extra $69 a month for 1.5 million Americans and businesses in New York, Michigan, Minnesota (or $277,000 a day.)
“President Trump’s tariffs are a disaster for the U.S. economy. They’re making life more expensive for American families and businesses,” Ontario premier Doug Ford said in a statement. “Until the threat of tariffs is gone for good, Ontario won’t back down.”
And that’s not all. The new surcharge comes on top off Canada’s nationwide $30 billion in retaliatory tariffs. Canada, our longtime ally and close neighbor to the north, is fighting back against Trump’s barrage of on-again, off-again tariffs, countering with their own cost increases, fully suspending some imports, and has already removed some American-made good from its shelves, including alcohol. It’s a major blow “costing American businesses $1 billion in lost revenue.”
On Wednesday, Trump will also levy a 25% tariffs on all steel and aluminum imports into the U.S., just one more headache for our Canada neighbors.
Canada’s newly elected prime minister Mark Carney warned Trump “Canada will win” this trade war with the U.S.: “We didn’t ask for this fight. But Canadians are always ready when someone else drops the gloves.” And for intents and purposes, it looks like they mean business.
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