Summary
Ontario Premier Doug Ford warned that Canada could cut electricity exports to the U.S. in retaliation for Donald Trump’s new tariffs on Canadian goods.
The U.S. imposed a 25% tariff on most Canadian imports, citing border security concerns. Ford emphasized that U.S. states like New York and Michigan rely on Canadian energy and should “feel the pain.”
Canadian officials also announced $155 billion in counter-tariffs.
If enacted, energy restrictions would likely raise prices in the U.S., escalating trade tensions between the two countries.
This!! This should have been the very first thing! Retaliatory tariffs hurt the consumers, companies and so the economy overall. Reversing the insane IP laws that prevent people from modifying, repairing, upgrading their American products would open business opportunities and lower costs for Canadians.
The main issue is the benefit will be seen on medium term, not days/weeks, and if it is under threat to be reversed again as soon as Trump backs down on his tariffs, not many will take the risk to invest in the maintenance and repair sector.