A report earlier today said Ontario “expects the US administration to significantly ease the impact of auto tariffs on Canada” in the future after Howard Lutnick called Ontario Premiere Doug Ford yesterday.
Now, we have comments from Ford saying he spoke to Canadian Prime Minister Mark Carney and they agreed to delay counter tariffs until April 2.
At the same time, Ford is saying he didn’t get any assurances from Lutnick but I imagine that comment is just him being diplomatic.
Here’s a thought: All this is coming at the end of the quarter. You wonder if the Trump admin is trying to sewer Q1 GDP in somewhat-artificial ways to set a low bar (and blame it on Biden) only to try and reverse it all in Q2 and goose the numbers.
