Trump's tariffs would spell disaster for U.S. markets, Ontario premier says
CBC
The premier of Canada's most populous province said Tuesday president-elect Donald Trump's plan to impose sweeping 25 per cent tariffs on all Canadian products would be a "disaster" that would hurt U.S. stock markets.
Ontario Premier Doug Ford also said in an interview with The Associated Press that he's "extremely worried" about Trump's plan to launch a mass deportation of millions of undocumented people. Ford said he has a to plan send hundreds of police officers to the border if they come north.
Ford said tariffs won't work considering how integrated the U.S. and Canadian economies are. He noted that in the auto sector alone parts and go back and forth between Canada-U.S. border seven or eight times before being assembled in Ontario or Michigan.
"It is so integrated. I don't even know how you separate that in the supply chain. It would be a disaster," Ford told the AP.
"It will affect the market. The market will drop and we have every CEO saying that is not the way to go."
Ford said the market consequences will get Trump's attention.
"I know he has many scorecards, but one is the stock market. It will affect the market, the market will drop," Ford said.
Ford said he's also very worried about Trump's mass deportation plan. Trump has talked about creating "the largest mass deportation program in history," calling for using the National Guard and mobilizing domestic police forces.
"I am extremely concerned," Ford said. "We do have a plan ready. We have hundreds of provincial police officers that are ready within hours, if not immediately, to hit the borders."
Ford said a combination of local police, provincial police and the federal government will all be working together. "We'll make sure that we tighten up that border like we've never seen before," he said.
Trump has threatened to impose 25% tariffs on all Canadian goods if Canada and Mexico do not stem the flow of migrants and fentanyl from entering the U.S. border — even though far fewer of each crosses into the U.S. from Canada than from Mexico.
Ford made the comments shortly after Canada's federal government announced some more details about a billion dollar border plan that's designed to avert the tariffs. Canada's national police plans to create a new aerial intelligence task force to provide round-the-clock surveillance of Canada's border using helicopters, drones and surveillance towers.
Canada will also propose to the United States the creation of a North American "joint strike force" to target organized crime groups that work across borders.
"We're stepping up to keep our border strong and secure: By deploying new helicopters, drones and surveillance tools.
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