President Donald Trump over the weekend ordered a 25% duty on all goods and services imported into the United States from Canada and Mexico, with a lower 10% tariff on Canadian energy and products from China. As markets dropped in the hours before they were supposed to take effect, the North American governments announced a 30-day détente.

New tariffs set to take effect on Canada in March could boost energy prices for consumers in New York, which imported the most Canadian power of any state last year. It also throws a new variable into a massive under construction pipeline set to supply the state with Canadian hydropower.

If there is any doubt that tariffs are passed through to consumers, the cost of propane to heat my house just went up by the amount of the tariff.”