Thu, December 12, 2024

How the Ford government in Ontario plans to escalate trade war with the U.S.

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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 several key sectors: 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 perceived as protectionist. Ontario plans to leverage its position in the electric vehicle (EV) supply chain, where it has a significant presence, to negotiate better terms. The province is also looking at retaliatory measures in the alcohol sector, where Canadian whisky has faced trade barriers in the U.S. Additionally, Ontario aims to secure its supply of critical minerals, essential for EV batteries, by potentially restricting exports to the U.S. if trade relations do not improve. This approach reflects a broader strategy to assert Ontario's economic interests and push back against what it sees 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