Rep. Latimer’s Statement on Trump Tax on New York Electricity from Canada

WASHINGTON, DC - Today U.S. Representative George Latimer (NY-16) released the following statement after the government of Ontario, Canada, applied a 25% surcharge on electricity exports to New York, Minnesota and Michigan:

"Electricity rates, which are already high, are about to go up. As we predicted a month ago, President Trump's ill-advised and thoughtless trade war with our ally Canada is needlessly adding to increasing prices already felt by New York ratepayers. The stock market has dropped again today after the President refused to rule out a recession. He is gambling with our economy and the wallets of working Americans."

Last week President Trump announced tariffs on Canada and Mexico after rescinding them in February. The 25% surcharge on electricity exports is expected to affect electricity sales to 1.5 million homes across New York, Michigan and Minnesota.