because we're forced to sell our oil at a discount Canada's economy is losing an estimated $80 million a day because they send us oil we'll see it depends on what the price is if the oil is properly priced if they treat us properly which they don't we will uh be able to make that up very quickly because we don't need the products that they have we have all the oil you need president Donald Trump's recent statements regarding Canadian Oil have taken a dramatic and contradictory turn revealing a complex and evolving stance on us Canada energy
relations previously Trump had consistently dismissed Canadian oil imports as unnecessary framing them as a burden on the United States and touting American self-sufficiency as a Cornerstone of his energy policy during his first term he often highlighted the growth of domestic oil production in States like Texas and North Dakota arguing that the US could Thrive without relying on its northern neighbor now however in a striking reversal he is vocally urging the Reconstruction of an oil pipeline to directly connect Canadian oil fields in Alberta to us refineries along the Gulf Coast this shift in rhetoric lays be
an underlying tension while Trump seeks to project strength and independence by belittling a long-standing Ally he simultaneously acknowledges whether explicitly or implicitly that the US Energy sector remains deeply intertwined with Canadian resources this contradiction has not gone unnoticed and it has fueled intense debate in recent months Trump's messaging has oscillated wildly swinging between harsh criticism of Canada and pragmatic calls for enhanced Energy Coop operation at one point he famously declared during a rally in Ohio we don't need Canadian Oil we've got all we need right here in America a statement that electrified his base and
reinforced His Image as a champion of American exceptionalism yet in stark contrast he has now pivoted to advocating for the Revival of the Keystone XL pipeline a massive infrastructure project designed to transport up to 830,000 barrels of crude oil per day from Canada's tar Sands to American refineries this about face has stirred further controversy exposing the complexities of North American Energy Dynamics and raising questions about Trump's true intentions in a recent post on his truth social platform Trump elaborated on this shift lambasting the Biden Administration for its decision to cancel the Keystone EXL project in
2021 he wrote our country is doing really well and today I was just thinking that the company building the Keystone XL pipeline that was viciously jettisoned by the incompetent Biden Administration should come back to America and get it built now I know they were treated very badly by sleepy Joe Biden lost jobs lost opportunities but the Trump Administration is very different we're talking easy approvals almost immediate start if not them perhaps another pipeline company steps up we want the Keystone XL pipeline built and we want it now this statement dripping with characteristic bravado reflects Trump's
eagerness to tie the pipeline's Revival to his broader Narrative of economic Resurgence and energy dominance the renewed push for Keystone XL has reignited a fierce debate that has simmered for over a decade reporters including many republican lawmakers and Industry leaders argue that restoring the pipeline would create thousands of jobs estimates range from 10,000 to 20,000 temporary construction positions and bolster North American Energy security by reducing Reliance on more distant suppliers like Saudi Arabia or Venezuela they point to the Strategic advantage of sourcing oil from a stable friendly neighbor rather than volatile regions overseas opponents however
including environmental activists indigenous groups and Progressive politicians en counter that the project poses significant risks they highlight the potential for oil spills along the pipeline's 1,200m Route which would Traverse sensitive ecosystems like Nebraska's Sand Hills and the ogalala aquifer a vast underground water reservoir critical to Agriculture and drinking water supplies in the midwest moreover the extraction of oil from Alberta's tar Sands is notoriously carbon intensive producing greenhouse gas emissions up to 81% higher than conventional crude a fact that alarms climate scientists and activists pushing for a transition to renewable energy adding to the complexity significant
Regulatory and logistical hurdles Remain the original developer TC energy formerly Trans Canada officially terminated the Keystone XL project in June 2021 after President Joe Biden revoked its permit on his first day in office since then TC energy has dismantled much of the pipeline's existing infrastructure selling off steel pipes abandoning construction sites and redirecting its corporate Focus toward other Ventures including renewable energy projects Reviving Keystone XL would require not only new permits and environmental reviews but also a massive reinvestment of capital and resources potentially costing billions of dollars industry analysts question whether TC energy or another
company would be willing to take on such a gamble given the shifting Global energy landscape and growing pressure to decarbonize Meanwhile another layer of tension emerged on February 24th 20125 during a high-profile meeting between Trump and French president Emanuel macron at the White House amid discussions on global trade and security Trump confirmed that the United States will proceed with imposing a 25% tariff on imports from Canada and Mexico effective March 3rd 2025 standing beside macron he declared the tariffs are going forward on time on schedule no delays no excuses this decision which Trump has framed
as a centerpiece of his America First economic agenda targets a wide range of goods but notably spares Energy Products which will face A reduced 10% rate a tcid mission of Canada's critical role in US oil and gas supplies Trump elaborated whatever they charge us we charge them Canada's been taking advantage of us for too long but now they're going to start paying up the announcement sent shock waves through North American markets with stock prices for Canadian exporters plummeting and US manufacturers bracing for higher costs in response the Canadian government led by prime minister Justin Trudeau
has vowed a retaliate with a robust counter tariff plan designed to protect its businesses workers and overall economy Canadian officials have made it clear that these counter measures will take effect immediately upon confirmation of the US tariffs and will remain in place until the restrictions are lifted Canada is committed to defending its economic interests Trudeau said in a televised address from Ottawa we've been a reliable partner to the United States for decades but we will not stand idly by while our sovereignty and prosperity are threatened we're seeking a constructive resolution but we're prepared to act
decisively the Canadian strategy hinges on reciprocal 25% tariffs targeting 100 55 billion Canadian dollars worth of us Goods entering Canada A Move That Could disrupt crossb trade valued at over $2 billion daily Canada's counter tariff plan will unfold in two carefully calibrated phases the first set to begin shortly after the US tariffs take effect will Target approximately 30 billion Canadian dollars worth of American Imports across multiple sectors in agriculture US exports like beef pork and dairy products Staples of American farming will face steep duties as will fresh produce such as apples oranges and strawberries processed
foods a major US export category will also be hit with tariffs applied to snack items like potato chips and Candy breakfast cereals like corn flakes and soft drinks from Brands like Coca-Cola and Pepsi Canadian consumers will feel the pinch in other areas too as tariffs extend to alcoholic beverages think Kentucky bourbon Tennessee whiskey California wines and craft beers from across the US the consumer goods sector will see duties on household appliances washing machines refrigerators microwaves and dishwashers personal care products shampoos soaps and cosmetics and apparel jeans sneakers and winter coats industrial materials including steel beams
aluminum sheets plastic polymers rubber tires Lumber planks and paper rolls will round out this initial wave affecting construction and Manufacturing Industries on both sides of the border the second phase scheduled for March 25th 2025 after a public consultation period will escalate the response by targeting an additional 125 billion Canadian dollars in US Imports this phase will strike at the heart of the American automotive industry imposing tariffs on passenger cars light trucks and Auto Parts like batteries tires and electrical wiring harnesses products heavily traded between Detroit and Ontario the Aerospace and defense sectors vital to us
industrial might will also face restrictions with tariffs on aircraft components radar systems and maintenance services additional agricultural Goods corn soybeans wheat rice and processed Meats like bacon and sausages will join the list alongside an expanded range of consumer and Industrial Products perhaps most provocatively Canada is considering export restrictions on critical minerals such as lithium nickel and Cobalt which are essential for manufacturing electric vehicle batteries and other high-tech Goods the US relies heavily on Canadian supplies of these minerals and any disruption could Ripple through Industries already grappling with supply chain wos Beyond tariffs Canada is exploring
a suite of non-tariff retaliatory measures to flex its economic muscle one bold strategy involves barring us companies from bidding on Canadian Federal and provincial government procurement contracts a move that could lock American firms out of lucrative projects like Highway construction military equipment tenders and public transit upgrades this tactic aims to redirect billions in public spending to Canadian businesses while sending a clear message to Washington additionally export controls on key resources are under review including the possibility of limiting oil and natural gas shipments to us refineries such a step would strike at the heart of Trump's
energy rhetoric given that Canada supplies over 4 million barrels of crude oil daily to the US more than 60% of America's total oil imports provincial governments are also stepping up with Ontario's Liquor Control Board announcing plans to pull us-made alcoholic beverages from its shelves replacing Jack Daniels and Budweiser with Canadian whiskey and beer these measures reflect a broader strategy to assert leverage while shielding Canadian consumers and businesses from excessive harm the roots of this escalating trade War Trace back to Trump's increasingly inflammatory comments about Canada in recent months his rhetoric has veered into shockingly confrontational
territory once content to merely dismiss Canadian Imports as Superfluous he has now begun repeatedly suggesting that Canada should become the 51st state of the United States in a series of posts on Truth social he wrote we pay hundreds of billions of dollars to subsidize Canada why there's no reason we don't need anything they have we have unlimited energy oil gas coal we make our own cars Ford GM Tesla and we have more lumber than we can ever use beautiful American forests without this massive subsidy Canada ceases to exist as a viable country harsh but true
therefore Canada should become our cherished 51st state much lower taxes far better military protection for the people of Canada and no tariffs it's a win-win these provocative words have not only dominated Global headlines but also signaled an unprecedented willingness to wield economic pressure against a neighbor and Ally of nearly two centuries Trump's public statement reveal a striking Duality on one hand he exudes an almost arrogant dismissal of Canada's importance insisting we don't need the products that they have and casting the us as a self-sufficient superpower on the other he frequently circles back to Canada's critical
role in American Energy security noting in one speech if Canada becomes a state there will be no tariffs and the taxes will be much lower with far better military protection our great neighbor would finally start paying its fair share this contradictory stance is perhaps most evident in his fixation on Canada's resources despite his claims of American abundance the US relies on Canada for more than a quarter of its daily oil imports alongside vast quantities of natural gas electricity and critical minerals Trump's messaging suggests he views Canada not as an equal partner in a mutually beneficial
relationship but as a subordinate territory ripe for Domination a perspective that has infuriated Canadian leaders and citizens alike
