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Canada could restrict its oil exports to U.S. if Trump trade war escalates

  • Canada has requested World Trade Organization dispute consultations over U.S. import duties on steel and aluminium, citing inconsistencies with U.S. obligations under the General Agreement on Tariffs and Trade 1994 according to the WTO.
  • U.S. President Donald Trump indicated he would not change his mind on tariffs, stating, 'We've been ripped off for years and we're not going to be ripped off anymore,' as reported by Reuters.
  • Canada's Energy Minister Jonathan Wilkinson suggested that curbing crude oil exports to the U.S. is a retaliatory option in response to U.S. tariffs, indicating that 'everything is on the table,' as noted by Reuters.
  • Doug Ford threatened to cut off energy exports to the U.S., stating, 'If they want to try to annihilate Ontario, I will do everything...including cut off their energy with a smile on my face,' according to Reuters.
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Financial Post broke the news in Canada on Tuesday, March 11, 2025.
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