Ontario Premier Doug Ford stated that U.S. President-elect Donald Trump's proposed tariffs could cost the province between 450,000 and 500,000 jobs, depending on targeted sectors. He emphasized the substantial potential impact on Ontario’s job market.
Ford indicated that the province might need to allocate tens of billions of dollars to address the economic effects of the tariffs, highlighting the need for significant financial measures to counteract job losses.
Expressing urgency, Ford mentioned that all 13 premiers will meet with Prime Minister Justin Trudeau to discuss a coordinated response, stressing that the federal government must 'get their act together' to develop a concrete plan.
Facing uncertainties, Ford noted that he believes Trump could delay the implementation of tariffs, coining the term 'slow roll' to describe the situation, which adds complexity to Ontario's economic planning.
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