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Notes -
Obligatory "anschluss", but Southern Ontario is still more industrialized than the US North East is with a government more sympathetic to natural resource development than the Blue states that it supplies with energy.
And it'll effectively be a 50% tariff if the Canadian government decides to "retaliate" (less cutting off its nose to spite the face, and more cutting off its head to spite the rest of its body): 25% on the way down for the raw resources, and 25% on finished goods on the way back.
The Federal government has already abdicated. This country is post-national- the Provinces are conducting the foreign policy now.
Why stop at two tariff payments on the same materials? Raw aluminum goes to the States ( about $15B), then aluminum products come back to Canada ($4B), I'm sure some of that gets put into manufactured goods for the States, and...
I heard that it's much worse for the automobile industry, with semi-finished parts hopping back and forth several times.
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