Canada Weighs Export Taxes on Uranium, Oil If Trump Starts Trade War [BNN Bloomberg (Canada)]
Cameco Corporation (CCJ)
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Source: BNN Bloomberg
Export levies would be a last resort for Canada, according to officials familiar with the discussions inside Prime Minister Justin Trudeau's government. Retaliatory tariffs against US-made goods, and export controls on certain Canadian products, would be more likely to come first, said the people. But commodity export taxes — which would drive up costs for US consumers, farmers and businesses — are a real option if Trump decides to start a full-scale trade war, said the officials, speaking on condition they not be identified. Trudeau's government may also propose giving itself expanded powers over export controls as part of a scheduled update on the country's fiscal and economic situation to be released on Monday, they said. Canada is by far the largest external supplier of oil to the US; some refineries depend on buying cheaper Canadian heavy crude and have few alternatives to it. The US Midwest would be hit particularly hard by higher costs. Fuel makers in the region rely on
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Analyst Actions
- 10/8/24 - Janney Montgomery Scott
CCJ
Sec Filings
- 12/5/24 - Form 144
- 11/21/24 - Form 144
- 11/19/24 - Form 144
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