New York wouldn’t have to worry so much about the risk to its energy imports from a possible US-Canada trade war if Gov. Kathy Hochul had embraced fracking for natural gas.
A 25% export tariff on electricity from the Canadian province of Ontario – slated to take effect Monday – could raise prices for New York consumers and increase greenhouse gas emissions in the process,
Trudeau's comments came after Trump issued an executive order on Feb. 1 imposing a 25% tax on imports from Canada. The U.S. president agreed to a one-month pause on the levy two days later but told reporters this week the tax "will go forward" after the delay.
After President Donald Trump imposed tariffs on both Canada and Mexico Tuesday, a Canadian official threatened a surcharge on electricity exported to three U.S. states, including New York. Here's what to know.
Fallout from a round of tariffs between the US and Canada could slash access to clean electricity in the biggest US city
Ontario Premier Doug Ford threatened to impose a 25% surcharge on or shut off the electricity the province exports to Michigan, New York and Minnesota.
Ontario is threatening retaliatory levies on electricity supplied to the state — just as the city’s main utility is seeking approval for higher bills.
President Trump said he would impose levies on America’s largest trading partners Tuesday. Industries are preparing for the worst.