Canada Could Target US Energy and Minerals in Trade Dispute
· World · BBC News, Bloomberg
Canada could exert economic pressure on the US by restricting energy exports, which account for 60% of US crude oil imports and the majority of natural gas and electricity imports. Prime Minister Mark Carney has signaled that energy exports are not part of the initial retaliatory tariffs but remain on the table. Ontario Premier Doug Ford proposed a 25% surcharge on electricity exports to the US, which would impact 1.5 million homes and businesses in Michigan, Minnesota, and New York. Canada also supplies critical minerals like lithium, nickel, and graphite, which are vital for US industries. The dispute stems from US tariffs on Canadian steel and dairy products, prompting Canada to plan targeted countermeasures.
Why it matters
Canada's potential restrictions on energy and mineral exports could disrupt US industries and households, escalating trade tensions between the two largest trading partners.
Read the original report — BBC News
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