Tweet
Tariffs on steel are hurting your economy. In Canada we buy %50 of all the steel the US exports. That number is going to drop because we introduced counter tartiffs on US steel. The North American Market is extremely integrated. I've posted this before. The steel mill I worked for imports iron ore, coal, limestone etc. Most of our large equipment and automation controls come from one country. The US. Under NAFTA we have to guarantee that we hold a percentage of our natural gas and oil production in reserve for the US.
According to the ‘proportionality clause’, article 605, Canada has to reserve a fixed ratio of its hydrocarbons production for export to U.S. customers regardless of domestic needs or federal policy. This effectively gives American companies considerable control over Canada’s resources. Under the deal, 75 percent of all oil produced and imported, and 50 percent of gas needs to be exported to the U.S.
Now we obviously accepted this because Canada made gains in other areas but the notion than Canada is somehow screwing the US isn't realistic.
According to the ‘proportionality clause’, article 605, Canada has to reserve a fixed ratio of its hydrocarbons production for export to U.S. customers regardless of domestic needs or federal policy. This effectively gives American companies considerable control over Canada’s resources. Under the deal, 75 percent of all oil produced and imported, and 50 percent of gas needs to be exported to the U.S.
Now we obviously accepted this because Canada made gains in other areas but the notion than Canada is somehow screwing the US isn't realistic.
Comment