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Ontario Premier threatens to cut off electricity, critical minerals to US amid trade dispute

Created at 24 Aug · 3:06 PM1 source↑ Market-relevant
IN SHORT

Ontario Premier Doug Ford stated that Canada should be prepared to cut off electricity and critical minerals to the United States if the escalating trade dispute worsens. Ford criticized President Donald Trump's trade policies, warning that they would have angered Ronald Reagan and that Canadians are willing to endure economic sacrifice.

Key Numbers

50%U.S. tariff on Canadian goods
$20 billionvalue of Canadian goods targeted by U.S. tariffs
September 8date for Canadian retaliatory tariffs
50%Trump's threatened tariff on Canadian vehicles and parts
1.5 millionhomes and businesses powered by Ontario electricity exports
1960sdecade of the Auto Pact

Who's Involved

Doug Ford
Ontario Premier threatening trade retaliation
Donald Trump
U.S. President imposing tariffs and threatening further action
Mark Carney
Prime Minister who walked away from trade negotiations
Ronald Reagan
Former U.S. President whose free trade stance was invoked
Jamieson Greer
U.S. Trade Representative commenting on the Auto Pact

↳ Why This Matters

The escalating trade dispute between Canada and the U.S. threatens significant economic disruption, particularly for integrated industries like automotive manufacturing. Potential cuts to critical resources like electricity and minerals could have far-reaching consequences for both nations' economies and national security.

Key facts

  • Ontario Premier Doug Ford threatened to cut off electricity and critical minerals to the U.S. if trade disputes escalate.
  • Ford criticized President Donald Trump's trade policies, suggesting they would have been opposed by Ronald Reagan.
  • The U.S. imposed 50% tariffs on Canadian goods, with Canada planning retaliatory measures.
  • Trump threatened a 50% tariff on Canadian automobiles, auto parts, and steel.
  • Ford cited Ontario's high-grade nickel, uranium, and electricity as potential leverage.
  • Ford stated he opposed a preliminary trade agreement that Prime Minister Mark Carney was considering.

Ontario Premier Doug Ford has warned that Canada must be prepared to cut off electricity and critical minerals to the United States if the escalating trade dispute worsens. In an interview with The Associated Press, Ford stated that President Donald Trump's protectionist policies would have been opposed by former President Ronald Reagan, and that Canadians are willing to endure economic pain rather than yield to U.S. pressure.

Ford's comments follow Prime Minister Mark Carney's withdrawal from trade negotiations with the Trump administration, which led to the U.S. imposing 50% tariffs on approximately $20 billion worth of Canadian goods. Canada plans to retaliate with its own dollar-for-dollar tariffs starting September 8.

Trump further escalated the dispute by threatening a 50% tariff on Canadian automobiles, auto parts, and steel. Ford indicated that Ontario's high-grade nickel, uranium, and electricity exports to the U.S. are on the table as potential leverage. He suggested that Ontario could raise electricity prices or cease power exports, which currently supply 1.5 million homes and businesses.

Ford accused Trump of aiming to dismantle Canadian industries and relocate production to the U.S., particularly targeting the integrated auto sector. He also revealed that he had opposed a preliminary trade agreement that Carney had been considering before negotiations broke down, citing disagreements over restoring American liquor sales in Ontario.

Frequently asked questions

The U.S. imposed 50% tariffs on about $20 billion worth of Canadian goods.

Ford specifically cited high-grade nickel and uranium shipped to the U.S.

Prime Minister Mark Carney stated that Washington demanded too much in exchange for tariff relief.

The 1960s Auto Pact is cited as the reason for Canada having auto production, with Canada using market access to encourage production north of the border.

What Happens Next

01Canada's retaliatory tariffs are set to begin on September 8.
02Trump's threatened tariffs on Canadian automobiles, auto parts, and steel could take effect next year.

How It Developed

Ontario Premier Doug Ford stated that Canada should be ready to cut off electricity and critical minerals to the United States if the trade dispute worsens.
Ford criticized President Donald Trump's trade policies, comparing them unfavorably to those of Ronald Reagan.
Prime Minister Mark Carney walked away from trade negotiations with the Trump administration.
The United States imposed 50% tariffs on approximately $20 billion worth of Canadian goods.
Canada announced dollar-for-dollar retaliation beginning September 8.
Trump threatened to impose a 50% tariff on Canadian automobiles, auto parts, and steel starting next year.
Ford specifically cited high-grade nickel and uranium from Ontario as potential leverage.
Ford stated that Ontario could raise electricity prices or stop sending power to the U.S.

Sources

T1
Ontario’s premier: Canada should be ready to cut electricity, critical minerals as trade woes worsenAP News

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