As Ontario hikes cost of electricity exports, Lutnick says more tariffs are coming [Video]

Ontario placed a 25 per cent surcharge on electricity exports to the United States on Monday as Canada braced for steel and aluminum duties the Trump administration is set to deploy on Wednesday.

“I feel terrible for the American people, because it’s not the American people who started this trade war,” Ontario Premier Doug Ford said Monday at a news conference called to announce electricity price increases for about 1.5 million homes in three U.S. states.

“It’s one person who’s responsible — that’s President Trump.”

Many Canadian leaders have vowed to push back against all U.S. tariff threats after President Donald Trump launched — and partly paused — a trade war with Canada and Mexico last week.

Turmoil in the markets continued Monday as Wall Street responded to the ongoing tariff uncertainty and Trump’s refusal to rule out a recession.

While U.S. Commerce Secretary Howard Lutnick said Sunday that Trump will follow through on his plan to impose 25 …