cross-posted from: https://piefed.world/c/economy/p/1355359/us-president-trump-says-tariffs-on-all-cars-trucks-automotive-parts-and-steel-from-canad
Canada has been ripping off the United States of America for years. Their ridiculously high tariffs on our Farmers and farm products has made life impossible for these great American Patriots, and has long created a 60 Billion Dollar Deficit between our two Countries. Not sustainable, and NOT ANYMORE! On January First, 2027, Tariffs on all Cars, Trucks, both large and small, Automotive Parts, and Steel, will be increased to 50%. Build in the U.S. and there are ZERO TARIFFS. Canada will be treated like a State no longer! On Trade, and in other ways, also, they are among the worst Nations in the World to deal with. They feel entitled, and yet, WE DON’T NEED CANADA, THEY NEED US! They do 95% of their business with the U.S., with us, the exact opposite! Thank you for your attention to this matter! President DONALD J. TRUMP
Source: Trump on Truth Social.
If this actually happens I wonder if USMCA eligible goods will still be exempt like they have been every time something like this gets implemented.
yep… energy will most likely not be tariffed, since the us relies on it to have electricity in many states…
iirc carney already hinted at export tariffs on energy in retaliation at the weekend…
or canada could just stop exporting electricity to the us, to solve the trade deficit and plunge the entire northeastern US into a months long blackout