The most populous province in Canada in Ontario takes over 25% reproduction of the electricity it sends to American states in response to President Donald Trump’s prices on Canadian products.
Ontario chief Doug Ford confirmed this decision at a press conference on Monday morning, saying that it would increase costs by around $ 10 (£ 7.75) by Megawatt-hour for American customers.
About 1.5 million American houses in the northern border states of New York, Michigan and Minnesota will be affected.
Ford said the energy supplement will remain until the threat of United States prices “has disappeared for good.”
“President Trump’s prices are a disaster for the American economy. They make life more expensive for American families and businesses,” Ford said in a statement on Monday.
He added that Ontario will use the income of its energy reprisal prices to support local workers and companies affected by American prices on Canada.
The Federal Government of Canada has also imposed its own reciprocal dollars for American products exported to the north. The list of products has had an impact on orange juice perfume clothes.
President Trump threatened Canada several times with a 25% covered rate on all Canadian exports to the United States – a decision that economists have warned could cause job loss in Canada while increasing Americans’ prices.
The United States has also threatened with similar prices in neighboring Mexico.
Last week, Trump imposed the samples but quickly reversed the course, saying that he would temporarily save the tariff manufacturers until April 2.
Later, he dug other exemptions on the goods sent within the framework of the free trade pact in North America, the US-Mexico-Canada (USMCA) agreement, which Trump signed during his first mandate. The measures have also reduced prices on the potash – a key ingredient for fertilizers necessary for American farmers – from 25% to 10%.
Trump, however, should always impose prices on Canadian steel and aluminum this week.
The tensions of the trade war have shaken the markets and raises fears of economic turbulence.
The S&P 500 Share index, which follows the largest listed American companies, plunged at its lowest point since September, after Trump imposed the prices last week and then refused to exclude the possibility of a recession.
In an interview with Fox News that was recorded on Thursday, Trump said that “I hate to predict things like that” in response to the possibility of a serious economic slowdown, after saying that prices could cause a “transition period”.
“It takes a little time, but I think it should be great for us,” said Trump.
