Canada Might Tax Oil, Uranium Heading for US

The video discusses Donald Trump's proposed tariffs and Canada's potential response, including export taxes on key commodities. It highlights Canada's retaliatory measures, such as export controls on oil and potash, and the impact on US consumers. The discussion extends to international reactions, with other countries in a wait-and-see mode. The video also covers Trump's use of tariffs as a negotiating tool for border security, affecting Canada and Mexico. Historical context is provided, showing how countries have previously targeted distinctly American products in trade wars.

What commodities did Canada consider imposing export taxes on in response to US tariffs?

• Automobiles and auto parts

• Steel and aluminum

• Oil, uranium, and potash

• Electronics and textiles

What is a potential consequence of Canada's export taxes on oil?

• Increased oil prices in the US Midwest

• Decreased oil production in Canada

• Higher oil imports from Mexico

• Lower oil prices globally

What is one way the US might minimize the impact of Canadian retaliatory measures?

• By increasing tariffs on Canadian goods

• By exempting oil and focusing on finished goods

• By imposing sanctions on Canadian businesses

• By negotiating a new trade deal

What is the primary reason Trump is using tariffs against Canada and Mexico?

• To increase US exports

• To extract policy concessions on border enforcement

• To boost the US economy

• To strengthen diplomatic relations

What is the USMCA deal mentioned in the context of US-Canada-Mexico relations?

• A cultural exchange program

• A border security pact

• A trade agreement

• A military alliance

How has Canada previously responded to US tariffs?

• By imposing tariffs on American electronics

• By targeting distinctly American products like motorcycles and bourbon

• By increasing exports to other countries

• By reducing imports from the US

What strategy do countries use to make their tariffs impactful?

• Targeting essential goods

• Imposing blanket tariffs

• Focusing on luxury items

• Targeting politically sensitive products