Ontario's premier says trade war would be 'devastating' for US and Canada
Summary
Ontario Premier Doug Ford criticized President Donald Trump’s decision to impose tariffs on Canadian goods, warning that a trade war would harm both the U.S. and Canada. The two countries have added tariffs on each other’s products after trade talks failed, straining their long-standing trade relationship.Key Facts
- President Trump announced 50% tariffs on many Canadian goods after trade talks collapsed.
- Canada responded with retaliatory tariffs on many U.S. goods starting September 8, 2026.
- The U.S. is Canada’s largest trading partner, with over 70% of Canadian exports going to the U.S.
- Canada supplies about 60% of U.S. crude oil imports.
- The U.S. made a deal to secure a majority stake in Venezuelan oil reserves recently.
- Ford said increasing auto tariffs would hurt both countries but especially the U.S., as Canada buys many American vehicles.
- President Trump signed an order renaming Lake Ontario as "Lake America," which Ford called “disappointing.”
- The ongoing trade conflict has included harsh words and moves beyond economic issues.
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