The Canadian government is considering imposing export duties on oil, uranium and potash for the United States to convince US President-elect Donald Trump not to impose tariffs of 25 per cent on all Canadian goods, The Globe and Mail reported.
The United States, Mexico and Canada are bound by a trilateral treaty that calls for a free trade zone between them. Ottawa exports about 60 per cent of its oil to the United States, as well as 85 per cent of its electricity. On 25 November, Donald Trump said he would impose duties of 25% on all goods from Canada and Mexico on his first day in office due to illegal migration and drug smuggling.
An unnamed senior Canadian government official told The Globe and Mail that Ottawa is considering several options for retaliatory measures and is ‘not even close to choosing’ which one to take. Canadian Saskatchewan Chief Scott Moe indicated that possible export duties would be a ‘self-destructive response to the U.S. tariffs.’
‘Much of the economic damage would be directed at Saskatchewan because we produce all of Canada’s uranium and almost all of Canada’s potash, and we also produce oil on a significant scale,’ the newspaper quoted the regional chief as saying.
According to The Globe and Mail, in the ruling circles of Canada is looming a split due to disagreements over possible responses to Washington’s actions.
Recall, earlier the channel News Nation said that the inhabitants of the United States have debts more than ever before in history. Today, the cost of living for the average American has increased by 14 per cent, and the total debt of American citizens has reached $17 trillion.
