White House says Ontario's Doug Ford is acting 'egregious' and 'insulting' with threat to cut off electricity
Published On Mar 11, 2025, 2:45 PM
The White House has criticized Ontario Premier Doug Ford for his threats to shut off electricity exports to the U.S. in retaliation for the increased tariffs on Canadian steel and aluminum. Trump announced an additional 25% tariff, raising the total to 50%, as a response to Ford's measures. Ford claims his actions are necessary to protect Ontarians and is prepared to escalate the situation if the U.S. continues its aggressive trade policies.
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The escalating trade tensions between Canada and the U.S. could impact industries such as aluminum and steel. Companies that rely on imported Canadian aluminum or steel might face higher costs, impacting their profitability and stock prices. Conversely, U.S. manufacturers of these materials could benefit from decreased competition and increased prices.
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