Canada Ready to Go Tariff-For-Tariff With US, Ford Says

Watch on YouTube ↗  |  August 25, 2026 at 20:18  |  10:54  |  Bloomberg Markets
Speakers
Doug Ford — Premier of Ontario

Summary

Ontario Premier Doug Ford discusses the US-Canada tariff conflict, saying Canada will go tariff-for-tariff and that no deal is better than a bad deal. He warns that the integrated North American auto sector and key commodity flows are vulnerable, while Ontario's ban on American alcohol remains a symbolic bargaining chip. Ford calls for a fair trade deal and says no one wins in a trade war.

  • Ford says Canada must go tariff-for-tariff and dollar-for-dollar against the US.
  • He argues tariffs create uncertainty and act as a tax on American people.
  • He warns the North American auto sector is integrated and already being damaged.
  • He names steel, aluminum, oil, potash and nickel as critical cross-border commodity flows.
  • Ontario's removal of American alcohol from shelves would end only with a full trade deal.
  • Ford proposes a fortress North America and monitoring China and Russia.
  • He says no deal is better than a bad deal and wants a fair agreement.
Ideas
Doug Ford Premier of Ontario 4:27
Tariffs hurt North American auto sector.
The US-Canada tariff fight is damaging the deeply integrated North American auto sector; Ford says the auto sector has already been hit, autoworkers in Ontario and US states such as Texas, Kentucky, Michigan, Illinois and Ohio would lose jobs, Ontario buys 400% more vehicles than anywhere else, and the auto integration dates back to the 1960s Auto Pact.
Doug Ford Premier of Ontario 6:57
Tariffs threaten key US-Canada commodity flows.
Ford warns that tariff escalation threatens major US-Canada trade in steel, aluminum, oil, potash and high-grade nickel; Canada is a top buyer or supplier in these inputs, and the disruption will hurt American industry and consumers.
Doug Ford Premier of Ontario 7:55
US alcohol access hinges on trade deal.
Ontario has kept American alcohol off shelves since March 2025 and says it will only return with a full US-Canada trade deal; Ford frames it as symbolic but worth about $1 billion, making US alcohol/beverage exposure a deal-sensitive trade-policy watch item.
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This Bloomberg Markets video, published August 25, 2026, features Doug Ford discussing XLI, Aluminum, SOIL, WTI, NICKEL, SLX, US alcoholic beverage sector. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Doug Ford  · Tickers: XLI, Aluminum, SOIL, WTI, NICKEL, SLX, US alcoholic beverage sector