Canada Threatens To Turn Off Electricity To US
If the Administration adds 25% tariffs to imports from Canada, one of the most powerful retaliations would be a shutdown of electricity generated there and used by utilities to states in the Northeast, which includes New York. It is hard to imagine a move that would give Canada more leverage.
*The Future Of American Electricity
*A War Over Who Owns Electricity
According to Bloomberg, Mark Carney, Canada’s former central banker, told Radio-Canada that “It is not the first card.” However, the news service reported that Carney added negotiations with the US would be “very tough.” It is an indication of how hard Canada would strike back on tariffs.
Carney said that Canada could interrupt its exports of crude oil to the US. While this might not be as immediately catastrophic as electricity supply, its effects would be staggering.
New York City Will Be Hit Hard
The threats by Canada are a reminder of why the US needs growth in alternative energy and EVs. EV use trumps the threat of higher gas prices. Wind, solar, nuclear, and hydro power makes reliance on electricity generated outside the US fall.
Will Green Energy Solve Problem?
If the potential tariffs send messages, one of them is to the US energy supply sectors. Much of US energy and energy components come from somewhere else.
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