Canada’s energy minister came to Washington this week to warn U.S. lawmakers about President-elect Donald Trump’s tariffs threat on Canada: They’d inflict economic pain on Americans, with higher prices and job losses.
Jonathan Wilkinson, Canada’s minister of energy and natural resources, said he feels obligated to sound the alarm about the inflationary risks being created by a president who was elected in large part on the promise of bringing down prices.
“It will mean higher gas prices, it will mean higher food prices, it will mean higher natural gas prices for heating people’s homes,” he told The Associated Press on Wednesday. “It will mean higher electricity prices. That’s not something Donald Trump campaigned on. He campaigned on actually reducing the price of energy.”
Trump has threatened to impose sweeping 25% tariffs on Canada as well as on Mexico. He’s also threatened tariffs on China and Europe, creating a sense of uncertainty about whether this is simply a negotiating ploy or a massive restructuring of U.S. foreign relations.
Read Full Article Here
Canadian minister warns that Americans will experience economic pain from Trump tariffs
- by: FATIMA HUSSEIN, JOSH BOAK and CHRIS RUGABER
- 01.16.25
- Source:
AP News
- 01/16/2025
Follow us
Read our latest news on any of these social networks!
Get latest news delivered daily!
We will send you breaking news right to your inbox
Have a tip? Let us know!
Recent Articles
- by: Joe Edwards
- Source:
News Week
- 03/07/2025
Severe Thunderstorm Warning in 2 States As Tornado Threat Looms
Severe thunderstorm and tornado alerts have been issued across multiple states on Wednesday. The National Weather Service (NWS) has issued tornado watches for a number of counties in North and South Carolina.
- by: Lucas Nolan
- Source:
Breitbart
- 03/07/2025
No More Web Links: Google Rolls Out Search Tool that Only Provides AI Answers
Google has begun testing a new AI-powered search tool called “AI Mode” that provides users with artificial intelligence-generated answers rather than traditional web links.
- by: Alexandra Koch
- Source:
FOX Business
- 03/07/2025
SpaceX Starship megarocket upper stage lost again during 8th test flight; booster catch is successful
After a failed mission in January, SpaceX on Thursday launched its eighth suborbital flight test of its fully integrated Starship megarocket, a combination of the ship's upper stage (S34) and the Super Heavy booster (B15), at Starbase in Boca Chica Beach, Texas.
- by: Greg Norman
- Source:
FOX Business
- 03/06/2025
Automakers get 1-month tariff exemption, White House says
U.S. automakers who comply with the United States-Mexico-Canada Agreement (USMCA) are getting a one-month exemption from the Trump administration’s tariffs that went into effect Tuesday, White House press secretary Karoline Leavitt announced Wednesday.