OTTAWA—The Canadian province of Ontario officially imposed Monday a 25% surcharge on all its electricity exports to the U.S., which officials say will affect 1.5 million households and businesses in Michigan, Minnesota and New York.

Ontario Premier Doug Ford said last week he would take this measure due to the continued tariff threats against Canada by the Trump administration. And with Monday’s announcement, he followed through on his promise to slap the surcharge even after President Trump offered a partial reprieve on 25% tariffs for another month.

“Until the threat of tariffs is gone for good, Ontario won’t back down. We’ll stand strong, use every tool in our toolkit and do whatever it takes to protect Ontario,” Ford said in a statement. He’s scheduled to hold a press conference Monday morning.

Ontario estimates the surcharge will generate revenue of up to $280,000 a day.

Source |The Wall Street Journal