evrimagaci.org on Nostr: Ontario Plans To Retaliate Against Trump Tariffs ========== Ontario, led by Premier ...
Ontario Plans To Retaliate Against Trump Tariffs
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Ontario, led by Premier Doug Ford, is preparing retaliatory measures against potential tariffs from President-elect Donald Trump, which could include cutting off electricity exports to 1.5 million Americans and restricting imports of American-made alcohol. Ford's government is considering four main actions: restricting electricity exports to Michigan, New York, and Minnesota; limiting the liquor control board's sourcing of American products; preventing U.S. companies from Ontario's procurement; and restricting exports of Canadian minerals for electric vehicle batteries. Ford estimates potential revenue losses of $400 million to $700 million for Ontario, while the economic pressure on the U.S. could reach billions. Trump dismissed Ford's threats, emphasizing U.S. economic dominance and claiming the U.S. subsidizes Canada. The interdependence of U.S. and Canadian economies complicates the situation, with Canada supplying 60% of U.S. crude oil imports. Ford is also seeking cooperation from other provinces to amplify the impact of any retaliatory actions. Prime Minister Justin Trudeau expressed concerns about the tariffs' effects on both economies and emphasized the need for diplomatic engagement. The article highlights the potential for significant economic repercussions as tensions rise ahead of 2025.
#Ontario #Trump #Tariffs #DougFord #Trade #Canada #Us #Economy #Retaliation #Electricity
https://evrimagaci.org/tpg/ontario-plans-to-retaliate-against-trump-tariffs-86901
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Ontario, led by Premier Doug Ford, is preparing retaliatory measures against potential tariffs from President-elect Donald Trump, which could include cutting off electricity exports to 1.5 million Americans and restricting imports of American-made alcohol. Ford's government is considering four main actions: restricting electricity exports to Michigan, New York, and Minnesota; limiting the liquor control board's sourcing of American products; preventing U.S. companies from Ontario's procurement; and restricting exports of Canadian minerals for electric vehicle batteries. Ford estimates potential revenue losses of $400 million to $700 million for Ontario, while the economic pressure on the U.S. could reach billions. Trump dismissed Ford's threats, emphasizing U.S. economic dominance and claiming the U.S. subsidizes Canada. The interdependence of U.S. and Canadian economies complicates the situation, with Canada supplying 60% of U.S. crude oil imports. Ford is also seeking cooperation from other provinces to amplify the impact of any retaliatory actions. Prime Minister Justin Trudeau expressed concerns about the tariffs' effects on both economies and emphasized the need for diplomatic engagement. The article highlights the potential for significant economic repercussions as tensions rise ahead of 2025.
#Ontario #Trump #Tariffs #DougFord #Trade #Canada #Us #Economy #Retaliation #Electricity
https://evrimagaci.org/tpg/ontario-plans-to-retaliate-against-trump-tariffs-86901