Ontario's premier says Trump's tariffs would be a disaster for US markets

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Ontario's premier says Trump's tariffs would be a disaster for US markets
Ford Motor Co.CanadaJustin Trudeau
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The premier of Canada’s most populous province says President-elect Donald Trump’s plan to impose sweeping 25% tariffs on all Canadian products would be a “disaster” that would hurt U.S. stock markets.

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“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 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.

Nearly $3.6 billion Canadian worth of goods and services cross the border each day. Canada is the top export destination for 36 U.S. states.

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