Ontario Premier Doug Ford warned that if U.S. President Donald Trump imposes large tariffs on Canadian goods, the province will be forced to stop exporting energy resources to the United States, including oil and electricity.
In his statement, Ford emphasized that Ontario is ready to take decisive action in response to possible economic sanctions from the U.S.
We will make our list of retaliatory measures, and I’m sure other provinces will join in as well. But we won’t back down. We will go to the end, depending on how far this situation goes. We could even reach the point of simply cutting off their electricity, Ford said, stressing the province’s commitment to protecting its economic interests.
It is noteworthy that approximately 60% of the crude oil and 85% of the electricity imported by the U.S. come from Canada. This makes Canada a key supplier of energy resources for the American economy. In the event of a trade conflict and the imposition of high tariffs, such measures could have a significant impact on the economies of both countries.
Earlier, President Donald Trump announced his intention to impose a 25% tariff on Canadian goods. These statements have raised concerns in Canada, where potential sanctions could lead to a significant deterioration in economic relations with the U.S., the country’s largest trading partner.
