Doug Ford Claims Tariffs from US May Result in Loss of 500,000 Ontario Jobs
Ontario Premier Doug Ford warns that proposed tariffs by U.S. president-elect Donald Trump could result in the loss of up to half a million jobs in Canada.
Trump plans to implement a 25 percent tariff on products from Canada and Mexico upon resuming office, potentially impacting 450,000 to 500,000 jobs in Ontario based on ministry estimations.
Ford anticipates significant economic repercussions and suggests potential stimulus spending of billions in response to the tariffs, considering an early election to involve voters in the decision-making process.
The premier speculates that Trump might delay the enforcement of tariffs, prompting urgency in adopting a cohesive national strategy.
As all 13 premiers convene to discuss the matter with Prime Minister Justin Trudeau, Ford emphasizes the importance of a coordinated federal plan to counter the looming trade challenges.