Canadian industry experts, union leaders issue dire warnings about tariff effects
Several premiers are decrying U.S. President Donald Trump’s decision to impose punishing tariffs on virtually all Canadian goods and calling for a powerful retaliatory response from Ottawa and the country as a whole.
Newfoundland and Labrador Premier Andrew Furey said on Saturday that "we’re in a moment that is historic, an existential threat to the country. It’s not just an economic attack — I believe this to be an attack on Canadians, an attack on their values, on our sovereignty.
“It’s a moment where we need to stand strong and united in such an assault,” Furey told CBC News.
Trudeau seemed to be scared of losing Smith’s loyal support in not doing that with oil.
Trump doesn’t care about Smith, he doesn’t want to lose $upport from the CEOs of ExxonMobil, Chevron, and the other petro companies.
Trudeau seemed to care too much about Smith in his response, as if LPC will win a seat in that province. US Petroleum Institute (lobbyists) said only that they were working with Trump (not Canada) on objectives, though did say they prefer no tariffs. US industry needs to make statements more supportive of Canada than they are so far.
Disappointingly true. We should absolutely fast track LNG and oil export deals overseas. Slap on an export tariff onto oil and Hydro.Trump already kind of blinked by only putting 10% on Canadian energy, so one of his oligarchs is begging. Double it to 20%, or equalize it to 25%. At the same time increase exports to the west. Prior to the Transmountain expansion, we were doing a “pipeline by rails”. It’s suboptimal, but no one wins in a trade war but not responding means you’re going to loose worse.
Trudeau is too scared of Danielle Smith’s wannabe Vichy Canada administration.
I don’t agree with starting long term investments today. US is comitted to LNG overcapacity. I’d like to see tariffs on China dropped where possible.
Short term, export tariffs with proceeds split equally between fed and provinces where fed portion is given as cash to Canadians, and province can choose whether to support business or people. This is the right path to hurt US consumers and get them to complain to Trump.
What bothered me the most about Trudeau’s speech is the commitment to military/policy alliance. All US defense purchases need suspension. All fentanyl/border efforts eliminated, and savings from border security until tariffs removed. All of the projects they did this week restored as reward for removing tariffs. This is an act of war. Immediate high level meetings with Russia, China, Iran, North Korea. There is a need to speak like Trump… Canada has been “taken advantage of”. CIA/US propaganda arms must be disposessed immediately. NORAD fees payable to US must be set to extortion levels, and any US escallation threats must be responded with threats to replace US presence at NORAD sites with Russian presence.
Key is getting US companies to show loyalty to Canada supply chain and customers. Get EU to show loyalty to Canada. Any insufficiencies must result in drastic changes of alliances, and efforts to win this war.