2025.EX21.2

Background

“A more protectionist posture by the new US administration and a series of economic policy announcements, including tariffs and rising to the threat of the annexation of Canada, have shattered the confidence of Canadians in this economic union, upon which the Canadian economy has long relied. While the application of tariffs presents the immediate threat, the deep uncertainty and the risk of a new US political consensus in favour of economic nationalism, pose long-term threats to Toronto’s economy.”

Source: City of Toronto

Item Description

The item proposes a wide range of measures in response to the US tariffs. One of the proposed policies is the following: “City Council direct the Executive Director, Environment, Climate and Forestry, in consultation with Toronto Hydro, to report to the July 16, 2025, meeting of the Executive Committee on the Economic Action Plan on how the City can increase local renewable energy generation (e.g., rooftop solar, geothermal, wind), energy storage, and customer electrification to reduce dependence on United States fossil fuels.”

Source: City of Toronto

Proposed by

Mayor Olivia Chow