With Donald Trump threatening tariffs on Canada, Prime Minister Justin Trudeau is facing increasing pressure to outline Canada's retaliatory measures. While Trudeau vows to 'respond' and 'everything is on the table,' concerns arise about the potential impact on various sectors and the willingness of premiers to support certain actions. The article also examines the stances of Liberal leadership contenders, Mark Carney and Chrystia Freeland, on the tariff issue, highlighting their contrasting approaches and the need for clarity on their economic plans.
Prime Minister Justin Trudeau on Tuesday was once again trumpeting the united front of the federal government and the premiers in responding to Donald Trump ’s threat of imposing economy-crippling tariffs on Canada as early as Feb. 1.
But what about Quebec’s aluminum and electricity exports? Are those on Ottawa’s table, and if so, what might be Quebec Premier François Legault’s thoughts? Mark Carney, for one, echoed Mr. Trudeau’s rhetoric in a press release on Monday, saying there can be “no cards off the table.” Mr. Carney should turn those cards face up and reveal what he is willing to sacrifice, and what he is not.
“Being smart also means understanding that tariffs work both ways. President Trump intends to fill America’s coffers with tariff revenues. We can do the same. Dollar-for-dollar retaliation could generate up to $150-billion over one year – representing 161 per cent of the Canadian government’s corporate tax revenue in 2022-2023,” Ms. Freeland wrote.
Ms. Freeland owes it to Liberal voters, and other Canadians, to clarify her position on tariffs, including why it would be desirable to take $150-billion from Canadian businesses that import American goods and redistribute it to individuals. As she herself notes, that sum dwarfs the federal government’s current corporate income-tax revenue .
Tariffs Canada United States Donald Trump Justin Trudeau Mark Carney Chrystia Freeland Liberal Party
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