Investing.com -- In a reaction to President Donald Trump’s tariffs, Ontario, a Canadian province known for exporting electricity to the United States, increased power prices by 25% for three states on Monday. The Independent Electricity System Operator, Ontario’s grid operator, was instructed to add a C$10 ($7) per megawatt-hour surcharge to all power exported to Minnesota, Michigan, and New York.

Premier Doug Ford (NYSE: F ) expressed regret over the decision, stating, "Believe me when I say I don’t want to do this. I feel terrible for the American people." He pointed out that President Donald Trump was the one responsible for the situation.

Last week, Ford had pledged to implement the levy in response to US tariffs against Canadian goods. He maintained his stance even after the White House agreed to exempt autos and some other goods covered under the countries’ existing trade agreement.

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