Quebec Premier Francois Legault warns U.S. president-elect Donald Trump against implementing tariffs on Canadian exports, arguing that such a move would harm both economies. Legault emphasizes the strong economic interdependence between Canada and the U.S., citing Quebec's significant supply of raw materials and military aviation components to American companies.
Wednesday in The Hill, a U.S. political news website, the president-elect’s proposal of a 25 per cent tariff on all Canadian exports “can backfire.”
Trump’s tariff threat, which includes Mexico, stems from his demand the two allies tighten border security. Ottawa finally unveiled aIn his column, Legault said Quebec shares Trump’s concerns for the border, as well as military spending but added implementing tariffs as soon as he’s sworn in as president Jan. 20 would be a mistake.For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen.
Legault went on to list just how intertwined the two economies are, saying Quebec supplies 64 per cent of raw aluminum used by American companies, is a major supplier U.S. military aviation supplies as well as its large supply of critical minerals.He added a provincial analysis showed a 25 per cent tariff on exports from Canada and Mexico would reduce American GDP by at least 1 per cent over one year, and spark inflation.
CANADA TARIFFS TRUMP ECONOMY TRADE
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Quebec Premier Warns Trump Tariffs Would Hurt Both Canada and the U.S.Quebec Premier Francois Legault argues that U.S. President-elect Donald Trump's threatened tariffs would negatively impact both Canada and the American economy, causing inflation and job losses. Legault urges Trump to give Canada time to address his demands before imposing tariffs.
Read more »
Canada News Roundup: Postal Strike Ends, Trump Targets Canada, Seniors Support Families Amid Affordability CrisisThis news roundup covers various Canadian stories including the end of the Canada Post strike, Donald Trump's comments about Canada, seniors supporting their families due to affordability concerns, a Quebec man charged with firearm manufacturing and hate speech, and a murder investigation in New Brunswick.
Read more »
Trudeau Rejects Trump's Idea of Canada Joining USPrime Minister Justin Trudeau strongly refuted U.S. President-elect Donald Trump's suggestion that Canada should become a U.S. state. Trudeau stated that there's 'no chance' of Canada joining the U.S., marking his most assertive response to Trump's repeated claims. Trump, during a press conference, reiterated his stance on making Canada a U.S. state and stated that the U.S. doesn't need anything Canada trades with, despite Canada being the U.S.'s biggest trading partner.
Read more »
CPA Canada split from Ontario, Quebec groups becomes officialThe organizations representing chartered professional accountants in Quebec and Ontario are officially split from CPA Canada as of Friday.
Read more »
Quebec doing better job at retaining immigrants, Atlantic Canada still strugglingMONTREAL — Immigrants are increasingly choosing to stay in Quebec, according to a new report from Statistics Canada, but the same isn't true in the Atlantic region, which continues to lose newcomers to the rest of the country.
Read more »
Immigrants Staying in Quebec, Leaving Atlantic CanadaA new Statistics Canada report shows that a high percentage of immigrants are choosing to stay in Quebec, while the Atlantic region continues to lose newcomers.
Read more »