19 minutes agoCanada avenges US, increases energy prices
Periskopi(a year ago)
(a year ago)Ontario, Canada's most populated province, has decided to raise electricity tariffs sending US states 25% as a revenge measure against tariffs imposed by President Donald Trump for Canadian goods. Ontario leader Doug Ford confirmed this movement at a press conference Monday, stressing that costs [...]
Ontario, Canada's most populated province, has decided to raise electricity tariffs sending US states 25% as a revenge measure against tariffs imposed by President Donald Trump for Canadian goods.
Ontario's leader, Doug Ford, confirmed this movement at a press conference Monday, stressing that costs will increase by $10 (7.75 pounds) for megave-hours for American customers, affecting about 1.5 million homes in border states like New York, Michigan and Minnesota.
Ford stressed that this additional addition will remain in force until the US tariff threat “will be eliminated permanently”. He considered Trump tariff policy a disaster “” for the American economy, adding that these measures are making life more expensive for American businesses and families. Furthermore, he announced that revenues collected from the increase in tariffs will be used to support Canadian workers and businesses that are influenced by US tariffs.
Ontario's move comes under a further trade tension between the two countries, as Canada has also imposed reciprocity fees on US goods worth $30 billion, including various products such as clothing, perfumes and orange juice.
President Trump has repeatedly threatened Canada with a total fee of 25% for all Canadian exports to the US, a move economists have warned could lead to job losses in Canada and increasing prices for Americans.
In an effort to ease the consequences of his policies, Trump has recently created several exceptions for car producers and goods transported under the US-American agreement. -Canada (USMCA), while lowering the fees for the pontat, an important ingredient for the waste needed by American farmers, from 25% to 10%.
All these movements are creating a climate of uncertainty and tension in trade relations between the US and other countries, including Canada and Mexico.
