Several U.S. states will be impacted if Canadian officials decide to block energy exports in retaliation to President Donald Trump imposing a 25 percent tariff on Canadian goods on Tuesday.
Why It Matters
On Monday, Trump announced that tariffs imposed against Canada, Mexico and China would go into effect on Tuesday. In response to Trump’s tariffs, Ottawa and Beijing have announced plans to retaliate, sparking fears of a global trade war.
On Monday, Ontario Premier Doug Ford threatened to block energy exports to the U.S. “with a smile” if the tariffs imposed on Canadian goods went into effect.
What to Know
The fourth-largest energy commodity traded between Canada and the U.S. is electricity, preceded by crude oil, natural gas and petroleum, respectively. Energy products from Canada now pace a 10 percent tariff.
According to …