Canada holds few cards in tariff war with Trump

 Blaze:

President Theodore Roosevelt famously said, “Speak softly and carry a big stick.” Ontario Premier Doug Ford ignored this wisdom, threatening a 25% tariff on electricity exports to the United States.

President Trump responded with threats of tariffs of his own on Canadian steel and aluminum.
Based on Ontario, Canada, placing a 25% Tariff on “Electricity” coming into the United States, I have instructed my Secretary of Commerce to add an ADDITIONAL 25% Tariff, to 50%, on all STEEL and ALUMINUM COMING INTO THE UNITED STATES FROM CANADA, ONE OF THE HIGHEST TARIFFING NATIONS ANYWHERE IN THE WORLD. This will go into effect TOMORROW MORNING, March 12th... If other egregious, long time Tariffs are not likewise dropped by Canada, I will substantially increase, on April 2nd, the Tariffs on Cars coming into the U.S. which will, essentially, permanently shut down the automobile manufacturing business in Canada. Those cars can easily be made in the USA!
Not only does Ford speak loudly, but he carries a very tiny stick. The reality is that Canada profits enormously from trade with America and accordingly has no leverage in a trade war. President Trump should use this fact to realign trade with Canada to serve America’s best interests.
...

This should be interesting to watch in the coming days.  I suspect that Canada will have to reevaluate its position in the fight with Trump. 

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