Premier Doug Ford emphasized the vital relationship between Ontario and the U.S., stating, 'Ontario and the United States share one of the most important and enduring friendships in the world, built on strong economic ties... Millions of workers... are counting on our governments to maintain and build our economic partnership.' He highlighted ongoing cooperation in manufacturing, energy, and critical mineral development as crucial areas for economic growth.
Discussing the potential economic implications of Trump's presidency, Ford remarked, 'Trump's second term in office could have profound consequences for Canada, particularly when it comes to trade...' Ford noted that experts have projected a possible five percent loss in Canada's GDP due to a proposed minimum 10 percent global tariff on imports.
Ford also pointed out Ontario's significance in trade, saying, 'If it were a country, Ontario would be the U.S.'s third-largest trading partner. Two-way trade between Ontario and the U.S. totalled $493 billion in 2023.' He emphasized the importance of the economic relationship and proposed a 'Buy Can-Am' approach to bolster jobs for both regions.
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