The industry was already struggling with rising costs, market saturation, and declining demand, and the constant sense of uncertainty over tariffs only adds to the stress.
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Here's how Trump's tariffs on Canada will affect consumers in New Hampshire, Maine
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Trump's tariffs on Canada could make US power bills even pricier
Trump threatens Canada with new tariffs and warns Russia about sanctions
President Donald Trump warned about new tariffs as soon as today on Canadian lumber and dairy products, and he also threatened more sanctions on Russia for its continued bombardment of Ukraine. Follow for live updates.
ISO New England reported that “99.5% of the (New England) region’s electricity in 2024 was provided by natural gas, nuclear, hydro, imported electricity (mostly hydropower from Eastern
Businesses and consumers across New England rely heavily on Canadian imports, raising fears about the trickle down costs of President Trump’s imposition of a 25% tariff. In Massachusetts, Canadian imports were valued at around $10.
With Canada supplying a significant portion of the electricity, refined petroleum, and natural gas used in New England, many experts agree that consumers will likely bear the brunt of Trump’s tariff.
Could Canada cut off electricity to Connecticut in a tariff war with U.S.? How high might prices go?
A Canadian politician threatened to cut off power to the U.S. If so, what would happen in Connecticut and New England and how much more will it cost?
Massachusetts Governor Maura Healey and business leaders across New England are warning of the potential impact resulting from President Trump’s 25% tariffs on imports from Canada and Mexico. President Trump said those tariffs, as well as an additional 10% tariff on Chinese goods, are set to take effect at 12:01 a.m. Tuesday.
New England may be the first location in the country to see an impact from the tariff on imported Canadian oil.
Canada looks set to pick a measured former central banker to deal with the threats President Donald Trump's tariffs pose against a pillar of Western free trade. Mark Carney, 59, could become the next prime minister when the governing Liberal Party of Canada announces a replacement for Justin Trudeau in a leadership vote Sunday.
President Trump's tariffs impact all fuel that is refined or brought into the U.S. from Canada.The Northeast depends on supplies from refineries based there.
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