Ontario Premier Doug Ford warned that the province could need to spend billions of dollars to stimulate its economy if U.S. President Donald Trump follows through with his threat of a 25% tariff on all Canadian exports. Ford made the remark at the Rural Ontario Municipal Association's annual general meeting, urging Canadians to support domestic industries. He highlighted the potential economic impact of the tariffs, estimating a loss of 450,000 to 500,000 jobs in Ontario. Ford stated that if such a situation arises, the provincial government would consider a stimulus package, potentially requiring a public mandate through an election.
Ontario may need to funnel ‘billions of dollars’ into economy if Trump tariffs go forward: FordFord made the remark to the crowd at the Rural Ontario Municipal Association’s annual general meeting and conference in Toronto Monday – the same day asthat if these tariffs come to clear off every bit of U.S. alcohol off the shelves. Let’s start promoting more Ontario-made wines, and the vodkas, the spirits. That’s what we need to do,” he said.
“We are the largest purchaser of alcohol in the entire world. They will feel the pain. I will make sure I communicate this to our other premiers that they should be following suit.”Trump’s threat of a 25 per cent tariff on all Canadian and Mexican exports stems from his demand the two allies tighten border security.
Last week, Ford released estimates that showed a 25 per cent tariffs on Canadian goods could cost 450,000 to 500,000 jobs in that province, depending on which sectors are targeted.That could mean the provincial government will need to spend billions to stimulate the economy, a decision Ford said he could try and
“If it comes to it and we have to spend tens of billions of dollars, we go to the people — let the people decide, it’s their money,” Ford said.The premier’s comments that a stimulus package would, in his view, require a fresh mandate through an election come as the leaders of Ontario’s other major parties have indicated they could support the government on anti-tariff measures without needing to go to the polls.TikTok appears to be restoring service after U.S.
TRADE WAR TARIFFS CANADIAN ECONOMY ONTARIO GOVERNMENT DOMESTIC INDUSTRIES
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