Shared celebrations and hockey rivalries give way to ‘Buy Canadian’ labels as International Falls and Fort Frances face an unexpected chill
However, the company gets 11% of its power from neighboring Manitoba, which would be exposed to the Trump administration’s 10% tariff on electricity imports into Canada.
Minnesota, along with Michigan and New York, are at risk of getting slapped with a 25% surcharge for electricity from Ontario.
Ontario Premier Doug Ford said that his province is prepared to add a 25% surcharge on the electricity it exports to Michigan.
Tariffs from the Trump administration are set to go in effect on Tuesday. Canada and Minnesota do over $21 billion in trade every year.
Minnesota companies were assessing the damage Tuesday of the nascent trade war between the United States and its three biggest trade partners, an escalating tit-for-tat that could affect billions of dollars in state imports and exports.
Ontario is levying a 25% export tax on electricity and has threatened to cut off electricity sales to the U.S. completely if Trump moves forward with another round of tariffs on April 2.