Trump tariffs will raise gasoline, electricity prices: Canada minister [Video]

President Donald Trump’s tariffs on Canada will raise energy prices for U.S. consumers if the levies go into effect on Tuesday as expected, the country’s energy minister said Monday.

Jonathan Wilkinson, Canada’s minister of energy and natural resources, said the tariffs will cause economic pain in the U.S. and Canada, calling the situation a “lose, lose proposition for both countries.”

“We will see higher gasoline prices as a function of energy, higher electricity prices from hydroelectricity from Canada, higher home heating prices associated with natural gas that comes from Canada and higher automobile prices,” Wilkinson told CNBC’s Megan Cassella in an interview.

Trumpis threatening sweeping 25% tariffs on goods imported from Canada and Mexico, as well as 10% levies on energy resources imported from Canada. The president had originally threatened to impose the tariffs on Feb. 3, but put them on pause for one month after reaching last-minute agreement with the country’s two largest trading …