The premier of Canada’s most populous says he will cut off energy to the United States if President-elect Donald Trump imposed sweeping tariffs on all Canadian products.

Summary

Ontario Premier Doug Ford warned that Canada could cut off energy exports to the U.S. if Donald Trump imposes a proposed 25% tariff on Canadian goods.

Ford emphasized that 60% of U.S. crude oil imports and 85% of electricity imports come from Canada, highlighting the potential impact.

Canadian leaders, including Prime Minister Justin Trudeau, criticized the tariffs as harmful to both economies, while Deputy PM Chrystia Freeland suggested broader retaliatory measures.

The dispute raises concerns over trade relations and escalating economic uncertainty for both nations.

    • Windex007@lemmy.worldEnglish
      41·
      8 hours ago

      I’m trying to understand your line of thinking and it seems to necessitate accepting that oil isn’t moving between inputs and outputs at the most cost effective way, which would necessitate oil and gas companies intentionally working in a way that isn’t about maximizing profit.

      Am I misunderstanding your premise in such a way that I’m inappropriately needing to bake that in?

      • GreyEyedGhost@lemmy.caEnglish
        3·
        6 hours ago

        There was a shell game with aluminum a number of years back where truckload ofbit just…moved around…to raise stock prices. It wouldn’t surprise me if the same things happened with oil.

        Source.

      • givesomefucks@lemmy.worldEnglish
        4·
        8 hours ago

        which would necessitate oil and gas companies intentionally working in a way that isn’t about maximizing profit.

        No. I’m saying because it’s slightly more profitable they pipe it all over, somehow you took the opposite message?

        I assumed we didn’t need to talk about why pipelines are bad, did I overestimate?

        Like…

        Oil pipeline protests have been pretty big news for decades now, I thought everyone commenting on an article about gas pipelines was up to speed.

        Quick edit:

        Deja Vue…

        We had another conversation a week ago where I went over the basics of why oil pipelines are bad, and nothing I explained seemed to have stuck. It was even about Canada/US pipelines too.

        Someone else may be able to explain it differently, but I’m not gonna be able to help.