The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian products.

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.

  • GreyEyedGhost@lemmy.caEnglish
    4·
    7 days ago

    There was a shell game with aluminum a number of years back where truckload ofbit just…moved around…to raise stock prices. It wouldn’t surprise me if the same things happened with oil.

    Source.