Summary
Ontario Premier Doug Ford warned that Canada could cut off energy exports to the U.S. if Donald Trump imposes a proposed 25% tariff on Canadian goods.
Ford emphasized that 60% of U.S. crude oil imports and 85% of electricity imports come from Canada, highlighting the potential impact.
Canadian leaders, including Prime Minister Justin Trudeau, criticized the tariffs as harmful to both economies, while Deputy PM Chrystia Freeland suggested broader retaliatory measures.
The dispute raises concerns over trade relations and escalating economic uncertainty for both nations.
Hmm. Canada doesn’t really have much refining capacity, and you subsidise yours (or so I’ve been told) which is why we send it all down there.
Interesting that your exports are around the same. Where are you exporting to? That might help solve the mystery.
and then i laugh when people talk about keystone coming back to life…heh not with this it aint.