Ontario’s Doug Ford Pushes Pandemic-Style Spending to Combat Trump’s Tariffs
Ontario Premier Doug Ford has proposed implementing substantial economic interventions reminiscent of pandemic-era spending to safeguard the province’s economy. This initiative comes in response to U.S. President-elect Donald Trump’s declaration to impose a 25% tariff on all Canadian imports, a move Ford describes as “the biggest threat we’ve ever seen.”
In a recent address, Ford emphasized the necessity for a united Canadian front to counter the impending U.S. tariffs. He stated, “We have to make sure that we stand united, we stand tall and proud. We’re a sovereign nation that we’re proud of being Canadian. We’ll never give that up.”
Ford warned that if the tariffs persist beyond a few weeks, Ontario would need to inject “tens of billions of dollars into the economy to save the economy, to protect Canadian Ontario jobs.”
The proposed 25% tariff by the incoming U.S. administration poses a significant threat to the deeply integrated economies of Canada and the United States. Particularly in sectors like automotive manufacturing, where components frequently cross the border multiple times before final assembly, such tariffs could disrupt supply chains and lead to substantial job losses on both sides.
“It is so integrated. I don’t even know how you separate that in the supply chain. It would be a disaster,” Ford noted.
In addition to advocating for increased economic spending, Ford has indicated that Ontario is prepared to take retaliatory actions if the U.S. proceeds with the tariffs. These measures include the possibility of cutting off energy exports to the United States, a move that could affect approximately 1.5 million American homes. Ford stated, “We will go to the extent of cutting off their energy… We can’t sit back and roll over.”
The federal government, alongside provincial leaders, is actively seeking solutions to mitigate the potential economic fallout. Prime Minister Justin Trudeau has announced plans to enhance border security measures in an effort to address U.S. concerns over illegal immigration and drug trafficking, which have been cited as reasons for the proposed tariffs.
However, Ford remains skeptical about the effectiveness of these measures in averting the tariffs, expressing, “I don’t want this to happen but wasn’t optimistic Canada could avoid tariffs.”
Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
Good for Ford. What are the details from Ottawa the supposed leadership for Canada. Did JT drop responsibility again?