India, April 2 -- Donald Trump has dubbed April 2 'Liberation Day,' a significant date after his election victory when he will enact a series of new reciprocal tariffs. The US president's tariffs are expected to raise energy and utility bills, previous reports have claimed. New York state and regions like New England depend a lot on electricity generated in Canada, which exports a large amount of electricity to the US every year.

In March, Ontario Premier Doug Ford said he was planning to halt the transmission of electricity from his province to the US. This would not just crimp supply but also lead to prices soaring.

In response to Trump's 25% tariffs on Canadian imports, Ford threatened to impose a 25% surcharge on electricity exports...