That didn’t take long.
Justin Trudeau, Canada’s Prime Minister, responded to the new Trump tariff threats with a $1.3 billion (Canadian) border plan that won at least a 30-day reprieve from President Trump.
Now, Trumponomics may be coming to our northern neighbor. Conservative Leader Pierre Poilievre says if he wins elections later this year, he will implement a seven-point plan to ease government regulations.
He wants to repeal restrictions on trucking companies, allow doctors, nurses, and engineers to work anywhere in Canada, and award a “free trade bonus” to provinces that drop what the Montreal Economic Institute estimates are 245 barriers to free trade across provincial boundaries.
“Let’s knock them down and let’s be a truly free-trading economy ourselves,” Poilievre says.
Alberta Premier Danielle Smith is promoting “drill baby drill” and wants to build multiple oil and gas pipelines along with LNG terminals on each coast (projects that are hamstrung by Trudeau’s environmental extremism).
Canada’s financial newspaper, The National Post, reports: “Canada could more than reverse all the damage Trump’s protectionism will have on the economy by getting rid of its own internal protectionism.”