The article reports on a meeting between Canadian premiers and Prime Minister Justin Trudeau to discuss the threat of 25% tariffs from US President Joe Biden. The premiers discussed ways to strengthen border security, invest in law enforcement, and prevent illegal crossings into Canada.
Here are some key points from the article:
- Canadian oil exports to the US would be severely impacted by a 25% tariff, with potential losses estimated at $2,000 per person.
- Other sectors that could be affected include agriculture, forestry, and energy.
- The premiers emphasized the importance of maintaining a strong economic relationship between Canada and the US.
- Trudeau stated that while Canada depends on the US for trade, the reverse is also true, with significant imports from Canada including oil, electricity, and critical minerals and metals.
The article highlights the potential consequences of a 25% tariff on Canadian exports to the US and emphasizes the need for cooperation between the two countries to address concerns around border security and trade.
