From Top Electric.

President Trump’s decision to impose 50% tariffs on Canadian steel and aluminum has sparked a major trade war, severely impacting Canada’s economy. The tariffs have crippled exports, widened trade deficits, and led to factory closures and rising unemployment, particularly in Ontario. In response, Ontario Premier Doug Ford has taken a defiant stance, threatening to disrupt electricity exports that power 1.5 million homes in U.S. states like Minnesota, New York, and Michigan. A 25% surcharge on electricity exports has already added $100 monthly to U.S. consumers’ bills, with Ford warning of further escalation. Canada has also imposed counter-tariffs on $30 billion in U.S. goods, targeting agricultural products and banning American alcohol and companies from Ontario’s procurement contracts. Former Bank of Canada governor Mark Carney is leading efforts to reduce Canada’s reliance on the U.S. through investments in infrastructure, green energy, and new global markets. These moves aim to counter the economic damage and diversify trade, but the deep interdependence of U.S.-Canada supply chains risks a lose-lose outcome. As tensions rise, questions loom: Will Canada cut off power, or is it a bluff? Can Carney’s strategies reshape Canada’s economy? Public opinion in both nations is growing restless, with Americans questioning the tariffs’ costs and Canadians demanding stronger retaliation. This trade war threatens to reshape North American economic and political dynamics.

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