Ontario Premier Doug Ford on Canada's Tariff Deal Status with Trump

Canada's Tariff Deal Status

• 🎯 Ontario Premier Doug Ford states that Canada is not among the 15 countries close to a tariff elimination deal with the US.
• ⚠️ Ford expresses frustration that other countries with less trade are making deals, while President Trump has not yet agreed to negotiate with Canada.
• 📈 The lack of a deal creates market uncertainty, impacting not only Wall Street but also Main Street and pension funds.

Trade Negotiations and Uncertainty

• 💬 While Canadian representatives are in Washington talking to US trade officials, Ford emphasizes the need for direct, face-to-face negotiations to resolve the tariff issue.
• 🤝 He believes the current situation is hurting both the American and Canadian economies and people on both sides of the border.

Impact on the Auto Industry

• 🚗 The auto industry is significantly affected, with Stellantis halting production at its Windsor, Ontario plant and temporarily laying off workers in US plants as well.
• 🧩 Ford highlights the deep integration of the auto supply chain, with parts crossing the border multiple times, making disruptions particularly damaging.
• 🛠️ He references the long-standing auto pact since 1965, suggesting the need to maintain and expand existing successful trade frameworks.

Desired Trade Deal Outcome

• 🤝 Ford's ideal trade deal involves the complete elimination of tariffs, arguing there is no justification for them.
• 📊 He points to Canada's significant role as a US customer, buying substantially more cars from the US than Mexico or any other country, with Canadian exports to the US containing a high percentage of US parts.
• 🕊️ The ultimate goal is to restore the long-standing peace and cooperation that has characterized US-Canada relations for decades.