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The Risks of Retaliating Against U.S. Tariffs Through Oil Export Cuts
Photo: nationalpost
2026-07-24 03:14   Politics   10

The Risks of Retaliating Against U.S. Tariffs Through Oil Export Cuts

Heather Exner-Pirot argues that Ontario Premier Doug Ford's threat to cut oil exports to retaliate against Donald Trump's tariffs could backfire catastrophically.Canada's economy is deeply intertwined with the U.S., and abruptly halting oil shipments would cause severe energy shortages, inflation, and diplomatic strain.

While Trump's low approval ratings offer Canada a negotiating advantage, escalating tensions through economic warfare risks damaging trade relations.Exner-Pirot emphasizes that retaliatory measures fall short of an act of war but still jeopardize global stability.

Instead, she advocates for diversifying export markets to new partners like China, Russia, and Iran, while leveraging Canada's reputation as a trusted trading partner.

The article highlights the delicate balance between protecting domestic interests and maintaining international economic cooperation, cautioning against measures that could destabilize both national and global economies.

Full reading at nationalpost

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