Energy, booze and critical minerals: how the Ford government plans to escalate a trade war with the U.S.

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Energy, booze and critical minerals: how the Ford government plans to escalate a trade war with the U.S.

//politics-government.news-articles.net/content/ .. -plans-to-escalate-a-trade-war-with-the-u-s.html

Published in Politics and Government on Thursday, December 12th 2024 at 6:40 GMT by

MSN

Global News has learned the Ford government is considering other retaliatory measures that are squarely within the province's jurisdiction.

The Ford government in Ontario is preparing to escalate a trade dispute with the United States by focusing on energy, alcohol, and critical minerals. This strategy comes in response to ongoing trade tensions, particularly after the U.S. introduced the Inflation Reduction Act, which has been seen as protectionist. Ontario's plan includes leveraging its position in the electric vehicle (EV) supply chain, where it has a significant advantage due to its resources like nickel and cobalt, essential for EV batteries. The province aims to counter U.S. policies that favor domestic production by potentially imposing retaliatory measures or seeking exemptions. Additionally, there's a focus on the alcohol trade, where Ontario might challenge U.S. regulations or seek better market access for Canadian products. This approach is part of a broader strategy to assert Ontario's economic interests and protect its industries from what it perceives as unfair trade practices by the U.S.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/energy-booze-and-critical-minerals-how-the-ford-government-plans-to-escalate-a-trade-war-with-the-u-s/ar-AA1vJjxE ]

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