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.
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.