Ontario Premier Doug Ford is about to carry a information convention Tuesday after the U.S. imposed sweeping tariffs that would devastate a number of key industries within the province.
Ford is scheduled to talk and take questions from media at Queen’s Park in Toronto. He was initially slated to start at 11:30 a.m. ET however the look has been delayed.
You’ll be able to watch the information convention reside on this story.
After a midnight deadline handed, U.S. President Donald Trump moved forward with long-threatened 25 per cent tariffs on most Canadian items. A ten per cent tariff may even be utilized to all Canadian power exports heading south of the border.
The import levies might wreak havoc on very important Ontario industries like auto manufacturing and metal manufacturing, in addition to drive up retail costs and gas extra inflation. Auto giants based mostly within the province have warned vegetation may very well be pressured to halt manufacturing inside 5 to eight days.
Prime Minister Justin Trudeau introduced late Monday {that a} first volley of retaliatory tariffs on U.S. goods would go into drive on the identical time.
You’ll be able to learn extra about tariffs, how they work and what they could mean for Canada here.
The newly re-elected Ford is presently the top of the Council of the Federation, a bunch comprised of all of Canada’s provincial and territorial leaders.
On Monday, he detailed a few of the retaliatory measures his authorities might take within the face of tariffs, together with a menace to cut off the flow of electricity from Ontario to the power grid in New York.
Ford has additionally floated the opportunity of a surcharge of each megawatt of energy the province provides to some 1.5 million prospects in New York, Michigan and Minnesota. The Wall Street Journal reported Tuesday it will likely be a 25 per cent export tax on electrical energy.
And talking to NBC’s Meet the Press on Monday afternoon, Ford equally mentioned he’ll contemplate halting all exports of nickel, a mineral important within the manufacture of many items.
In the meantime, the LCBO is pulling all American booze from its cabinets, the premier’s workplace confirmed Tuesday morning. The LCBO buys about $1 billion in U.S. merchandise yearly. The LCBO is the province’s important alcohol distributor, which suggests grocery and comfort shops, bars and eating places and different retailers will now not be capable of purchase U.S. alcohol.
Ford has additionally vowed to cancel a $100-million contract with Starlink, a satellite tv for pc web firm owned by billionaire Elon Musk, one in all Trump’s closest aides. He has additionally mentioned some $30 billion in provincial procurement will exclude any American corporations.
Ford has beforehand expressed help for the federal authorities to go “greenback for greenback” with retaliatory tariffs in opposition to U.S. items.
The Progressive Conservatives latest election platform included as much as $20 billion in proposed new spending aimed toward supporting industries and employees who may very well be damage by tariffs. That contains a brand new $5-billion Shield Ontario Account, $10 billion in help for employers by a tax deferral, as much as $3 billion extra in payroll and premium aid and as much as $40 million for municipalities.
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