Ford signals economic support as Canada-U.S. trade war escalates with 50 per cent tariffs
Ontario premier addressing economic outlook in Hamilton as Ottawa prepares dollar-for-dollar retaliation beginning Sept. 8.
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Ontario Premier Doug Ford is delivering economic remarks Monday afternoon in Hamilton as Canada faces mounting uncertainty over a sharply escalating trade war with the United States.
The appearance comes days after negotiations between Ottawa and Washington collapsed and the U.S. imposed sweeping 50 per cent tariffs on Canadian exports. Prime Minister Mark Carney announced Saturday that Canada will respond with dollar-for-dollar retaliatory tariffs beginning in early September, setting the stage for a prolonged economic confrontation.
Ford will be joined by Vic Fedeli, Minister of Economic Development, Job Creation and Trade, and Peter Bethlenfalvy, Minister of Finance. The event is scheduled for 1:30 p.m. Monday.
Ford has been one of the most vocal premiers since talks fell apart, backing Carney's decision to reject what he called a "bad deal." The U.S. had demanded concessions including increased access to Canadian dairy markets, the return of U.S. alcohol products to provincial liquor stores, and higher purchases of U.S. defence equipment.
Ontario's auto, steel, and manufacturing sectors are deeply intertwined with U.S. supply chains. While Ford has pointed to recent job-growth numbers as evidence the province can weather the storm, business leaders warn that higher costs and supply-chain delays could quickly damage manufacturers. The premier has called for federal support to help workers and businesses absorb the shock.
The facts
When will Canada's retaliatory tariffs take effect?
Canada will impose dollar-for-dollar retaliatory tariffs beginning in early September, according to Prime Minister Mark Carney's announcement on Saturday.
What tariff rate did the U.S. impose on Canadian exports?
The United States imposed sweeping 50 per cent tariffs on Canadian exports.
What is Doug Ford asking the federal government to provide?
Ontario Premier Doug Ford has called for federal support to help workers and businesses absorb the economic shock from the trade war.
Which U.S. demands caused the Canada-U.S. trade negotiations to collapse?
The U.S. demanded increased access to Canadian dairy markets, the return of U.S. alcohol products to provincial liquor stores, and higher Canadian purchases of U.S. defence equipment.
