Summarizing Trump’s Second Term Moves—Bigly!

March 17, 2025

Day of Trump's Second Term

“Ontario Reacts to Trade War: Electricity Exports to US Hit with 25% Tax Hike”

March 10, 2025
Ontario slaps 25% tax increase on electricity exports to US in response to Trump’s trade war

Ontario’s premier, Doug Ford, announced a 25% increase in electricity charges to 1.5 million American homes and businesses effective Monday in response to President Trump’s trade war. Ford stated that he would not hesitate to further escalate the charge or even cut off electricity entirely if the U.S. continues to escalate. While Quebec is considering similar measures, Minnesota, a recipient of Ontario’s electricity, expects minimal impact due to its small share. Ford emphasized the need to stand firm until the tariffs are removed to support Ontario’s workers and families. The move is part of Canada’s response to Trump’s trade war, which has triggered retaliatory actions from Mexico, Canada, and China. Despite Trump’s postponement of some tariffs, Ontario’s surcharge is expected to generate revenue to support the province’s economy.

Ford also called for export taxes on Canadian oil from Alberta to counter Trump’s actions. He highlighted the importance of leveraging oil exports to impact American gas prices significantly. Canadians’ frustration with Trump’s trade policies has led to boycotts of American goods and calls for stronger retaliatory measures. Despite Trump’s assertions, Canada remains a significant supplier of oil and electricity to the U.S. The ongoing trade tensions between the two countries have sparked concerns and uncertainties in various sectors. The situation underscores the complexities and impacts of international trade disputes on economies and relationships between nations.

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