Tariff War Begins: Canada Slaps Electricity Tariffs On Three U.S. States

The government of Ontario has issued a 25% surcharge on electricity exports to three U.S. states.

The surcharge will impact electricity sales for 1.5 million Americans.

The states affected are New York, Minnesota, and Michigan.

In total, the tariffs could cost $400,000  per day.

Here’s what The Hill reported:

The government of Ontario is applying a 25 percent surcharge starting Monday on electricity exports to three U.S. states in response to U.S. tariffs on Canada.
This surcharge will affect electricity sales for 1.5 million homes and businesses across Michigan, Minnesota and New York, the Ontario government said. In total, it could cost up to $400,000 per day.

New market rules are going into place requiring Canadian electricity sellers to add a $10 per megawatt-hour surcharge,

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