Welcome to the NewsHour. 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%. The NASDAQ had its worst session since 2022, and it was also the worst session of the year so far for the S&P 500. The trade war, the 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% 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 NewsHour, sir. Thanks for joining us.

Well, thank you so much, Alana, for having me on.

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 Canada, but his own country.

Premier, if I may, why take this step now then?

What's the response you're hoping to get from the Trump administration?

Well, President Trump has said many times he's going to put a tariff on, then he pulls it off, then he puts it back on.

Once I touch a stole once and get burned, I'm not going to get burnt again.

And I apologize to the American people. I've talked to three governors.

They understand the situation we're in. We have to negotiate through strengths, not weakness.

And I'd prefer to create an Amcan fortress, American-Can fortress,

and be the strongest, most resilient and richest, safest, safest two countries in the world.

He should be keeping an eye on China.

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