Ontario imposes 25% surcharge on electricity exports to US

OTTAWA (Reuters) - The Canadian state of Ontario is imposing a 25% surcharge connected energy exports to New York state, Michigan and Minnesota to protestation against U.S. President Donald Trump's tariffs connected Canada, Premier Doug Ford said connected Monday.

"President Trump's tariffs are a catastrophe for the U.S. economy. They're making beingness much costly for American families and businesses," Ford said successful a statement.

"Until the menace of tariffs is gone for good, Ontario won't backmost down. We'll basal strong, usage each instrumentality successful our toolkit and bash immoderate it takes to support Ontario."

Ford said the authorities had told the province's Independent Electricity System Operator that immoderate generator selling energy to the U.S. was present required to adhd a 25% surcharge valued astatine $10 per megawatt-hour to the outgo of power.

At this level, the surcharge volition make gross of C$300,000 to C$400,000 ($432,346 to $576,462) per day, the connection said.

(Reporting by David Ljunggren; Editing by Paul Simao)