Canada rejects Trump ultimatum, threatens energy cutoff in trade dispute

Canada has refused to yield to Donald Trump's trade ultimatum, responding with its own retaliatory tariffs and a threat to cut off energy supplies to the United States. The move escalates an ongoing trade dispute between the two North American neighbors.

Following Trump's announcement on his Truth Social network that a trade deal had been reached, Canada signaled it had not conceded. In response, the White House imposed 50% tariffs on billions of dollars worth of Canadian goods, impacting 5% of Canada's exports to the U.S.

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Canada will impose equivalent tariffs, dollar for dollar.

Canadian Finance Minister Mark Carney declared that Canada would impose "equivalent tariffs, dollar for dollar," targeting American household appliances and electronics. Furthermore, Canadian Prime Minister threatened to cut off energy supplies, noting that Canada provides 99% of the U.S.'s natural gas, 85% of its electricity imports, and 60% of its crude oil imports.

The Canadian government's firm stance and retaliatory measures underscore the deepening trade tensions and signal a willingness to push back against American demands. The threat to energy supplies represents a significant potential escalation, highlighting Canada's leverage in the bilateral relationship.

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We supply them 99% of their natural gas, 85% of their electricity imports and 60% of their crude oil imports.