- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Canada’s province of Ontario will slap a 25% export tax on electricity it sends to 1.5 million homes in Minnesota, Michigan and New York, in retaliation for President Trump’s tariffs, said Doug Ford, Ontario’s leader.
Ford added that he will direct the province’s energy producers to shut down the exports entirely if Trump moves ahead with even more tariffs on April 2. He said he would direct his minister of energy to redirect energy from an Ontario nuclear reactor to local manufacturers instead.
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This cocksucker fake president of ours is speedrunning economic collapse and we just kinda, like… wait for it, I guess?
Shut it off
That will shut down so much and really crash the stock exchanges in New York Sure the actual exchange will have backup power however a lot if not most of the brokers will not have the backup power.
Just to be clear I am all for it.
We’re not literally powering all of that stuff. We sell electricity for very cheap. If we cut it off, nobody’s going to lose power, they’re just going to get a much more expensive electric bill.
2002 I think it was, something happened at a Quebec power station; big parts of Quebec and Ontario, along with New York had brown outs and rolling black outs.
Ya, if we were to suddenly, and without warning, cut off their power, it would cause major issues for the American grid. Check out Grady’s Practical Engineering series on the subject on YouTube, or better yet Nebula.
If they keep the tax in effect until AC season the americans will turn it off themselves.
The problem is ontarios energy minister is just a trust fund rich kid with a degree in PR.
We honestly need people in government that have cohesive capabilities and not stooges that jump from education minister to energy minister without having a clue about either.
Fuck sakes.
Like most USian news sources, the article is misleading. Ford said he will add a 25% export tax on electricity IF tariffs persist. He did not provide a timeline on exactly when he might do it. He referred to this as “keeping the powder dry”
This was published before he made those statements.
This is true (about an hour before any official policy was released), which means it was published as a half-informed leak instead of news of actual policy. However, claiming an (inaccurate) leak as released policy remains misleading.
He said it in an interview with the WSJ.
Alberta should do the same for oil. US refineries that buy the oil would have to spend $20B on a new refinery that takes 5 years to use different oil.
Ontario action may reduce electricity prices for Canadians, raise revenue, and increase US inflation that is pressure to remove tariffs.
Saskatchewan needs to turn off the Potash and Uranium delivery. Once people realize where that stuff is now coming from Trump may have to answer for some things.
Export tariffs. Raises revenue.
The best and most reliable source of potash is in Saskatchewan they are running off to Russia and Belarus for it now, because the US cannot mine theirs the same way we can. Thing is Putin is going to royally F over Trump in the very near future and no embargo tax will be reasonable, the new receptacle tariffs Trump will put on everything on April 2nd will only hurt more. We are looking at a long trade war.
Don’t have the standard hatred for Russia, but it is silly to give them preferential trade status, while every ally is “screwing over the US”. SK Potash has a huge shipping advantage to farm areas over sea and coastal ports.
Other Premiers should be more aggressive on export taxes now, and if somehow we need to compete with Russian Potash in a month, then they can be revisited.
