Market
What will be the outcome of the Canadian premiers' meeting on U.S. tariffs by January 31, 2025?
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Ontario•Doug Ford•United States•Donald Trump•Canadian•Ford•Michigan•New York•Wisconsin•Justin Trudeau•Canada
Resolution / Starting Odds
No action taken • 25%
Diplomatic talks initiated • 25%
Retaliatory measures announced • 25%
Legal action pursued • 25%
Public statements or press releases from the Canadian government
Story
Ontario's Ford Vows to Cut Energy to U.S. if Trump Enacts 25% Tariffs on Canada
Dec 12, 2024, 04:31 AM
Ontario Premier Doug Ford has threatened to cut off energy exports to the United States if President-elect Donald Trump imposes a 25% tariff on all Canadian products. Ford stated, 'We'll use every tool in our toolbox, including cutting them off,' emphasizing that Ontario is prepared to stop exporting electricity to U.S. states such as Michigan, New York, and Wisconsin as a retaliatory measure. Canadian premiers, including Ford, have urged the federal government to respond robustly to the tariff threats, highlighting critical minerals and metals that the U.S. relies on. Prime Minister Justin Trudeau met with the premiers to discuss the potential tariffs, stating that the threat is serious and would have a devastating effect on Canada.
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