Until January, the surveys suggested that the conservative party would easily recover the power of the liberals in any Canadian electoral hero this year.
Trump’s commercial war
While Trump retired from his initial threat of tariffs on everything imported from Canada, he has imposed several measures that affected the key sectors of Canada’s economy: a 25 percent tariff on cars, aluminum and steel, and a rabbing of qualy a Canadian one under the agreement of the United States-Mexico-channel, which he signed his first term in the position. A auto parts rate or 25 percent have been scheduled to enter into force on Saturday.
Last week, Mr. Trump suggested that car rates, which are reduced depending on their content made, could be incessant. He did not sacrifice details.
Cars and car pieces are Canada’s greatest exports to the United States, out of oil and gas.
Canada goes back
Under Mr. Trudeau, Canada put tariffs on US goods arriving in Canada that are expected to generate 30 billion Canadian dollars, around $ 22 billion, in revenues approximately one year.
After becoming prime minister in March, Mark Carney imposed 8 billion additional Canadian dollars, around $ 5.7 billion, in rates, including a 25 percent tax in the records made in the United States, but not in auto parts. Automobile manufacturers with assembly lines in Canada can still bring cars from those tax -free brands.
The Canadian public has also responded. Traveling to the United States has declined sharply. Government -owned liquor shops in several provinces eliminated American beer, wine and whiskey from their shelves. As the calls for American products boycots grew, Canadian manufacturers rushed to decorate their packaging with maple leaves and Canadian flags.
How to drive Trump
Both Mr. Carney, who also successful Mr. Trudeau as leader of the Liberal Party, and Pierre Poilievre, the conservative leader and the other important contender in the elections, have adopted a hard line when it comes to the president of the United States.
In a conversation with Mr. Trump, in March, Carney said that the president had agreed to begin the economic and security negotiations with whom he emerges as prime minister. Duration those conversations, Mr. Carney said that duration is a televised debate: “The starting point has to be strength.”
He added: “You have to demonstrate that we have control of our own economic destiny.”
Through the campaign, Mr. Carney, who was governor of the Bank of Canada and later of the Bank of England, has tried to emphasize that his background in the financial world makes him the ideal candidate to address both. Trump and economic challenges their rates represent.
When asked how he will deal with Mr. Trump, Mr. Poilievre, a lifelong politician, the Usery responds by saying that he will first address what he sees as problems that liberals have created within Canada.
“It would reduce taxes, bureaucracy and address our resource projects so that we can make our products marketed and bring home the work so that we can face President Trump from a position of strength,” the duration of the debate told.
The crisis will probably worsen
Trump’s automotive rates had an immediate impact. A factory in Windsor, Ontario, where Stellantis manufactures minivans chrysler and dodged the Muscle Cars, was closed for two weeks, while the company considered its options. The Auto Parts Makers Association said its members had already fired several thousand workers in Ontario.
It also has a small amount of layoffs in the steel industry.
The threatened rate in automatic parts can have a deep effect. Autopartes manufacturers use more people than the assembly lines of car manufacturers. Many companies are small companies, sometimes family property without the financial resistance of multinational car manufacturers.
Economic ideas, but few details
Both leaders, but Mr. Poilievre in particular, have promoted the construction of oil and gas pipes to facilitate fuel sending to Europe. They have not offered any details about which companies, if any, are interested in these projects or how they would be fined.
Mr. Poilievre also said that it would accelerate environmental reviews and consultations with indigenous groups for natural resources projects. Environmentalist groups and indigenous leaders have criticized the proposal and questioned their legality.
For the automotive sector, Mr. Carney has proposed to create a “all in Canada” system in which cars are assembled in Canada using Canadian parts made of steel and Canadian aluminum. He has not said how he would persuade car manufacturers to accompany him.
Mr. Carney has also promised to reserve 2 billion Canadian dollars to help the automotive industry adapt to US tariffs and promised that the money raised by retaliation tariffs would be used to help companies and workers interrupted by the commercial war. It does not especially have what help would be involved.