Amna Nawaz:
Welcome to the “News Hour.”
The U.S. markets plunged again today, as investors worried about the economy and whether a recession could be on the horizon. The Dow Jones industrial average dropped nearly 900 points, or more than 2 percent. The Nasdaq had its worst session since 2022. It was also the worst session of the year so far for the S&P 500.
The trade war that President Trump initiated last week with the country’s top trading partners, Canada, Mexico and China, is a factor in the market’s overall volatility. Some 1.5 million Americans will soon see their electric bills rise by approximately $70 a month as a result of that trade war.
Ontario’s Premier Doug Ford announced earlier today he is slapping a 25 percent surcharge on the electricity his province exports to New York, Michigan and Minnesota.
Here now to explain why he’s taking that step is Premier Doug Ford.
Welcome to the “News Hour,” sir. Thanks for joining us.
Doug Ford, Premier of Ontario, Canada: Well thank you so much, Amna, for having me on.
And I just always start off with every interview, I love Americans. I spent 20 years of my life there. I know Canadians love Americans. And I know Americans love Canadians. This is so unnecessary what President Trump is doing, not just to Canada, but his own country.