[ad_1]
OHIO — Lake Erie is all that separates Ohio from our neighbor to the north, Canada.
President Donald Trump’s recent call for an abrupt end to trade negotiations could further inflame trade tensions that had already been building with that neighbor for months.
Trump said late Thursday that he was ending “all trade negotiations” with Canada because of a television ad opposing U.S. tariffs that he said misstated the facts and called “egregious behavior” aimed at influencing U.S. court decisions.
The post on Trump’s social media site came after Canadian Prime Minister Mark Carney said he aims to double his country’s exports to countries outside the U.S. because of the threat posed by Trump’s tariffs.
But how could this affect Ohio, and what exactly does our state trade with the country?
Well, according to a fact sheet from connect2canada.com, Ohio exports $19.9 billion worth of goods to the country every year. The top industry for exports to Canada from Ohio is equipment and machinery, with 28% of the goods.
The top three goods, specifically, that we export are:
- Engines and turbines
- Motor vehicle parts
- Plastic and plastic articles
We also export $2.5 billion in services to the country, according to the fact sheet. The highest amount is transport at $675 million, followed by financial services ($653 million) and then travel ($459 million).
“Ohio sells more goods to Canada (its #1 export market) than to its next six largest foreign markets combined,” the fact sheet reads.
We import a tad less than we export at $19 billion worth of goods each year. Some goods we’re bringing in are:
- Crude petroleum (by a fairly significant margin)
- Aluminum and aluminum articles
- Iron and steel alloys and semi-finished products
- Motor vehicle parts.
“Ohio’s top import from Canada is crude petroleum and this contributes to job creation, energy security, and affordability throughout the Midwest,” the fact sheet reads. “Calgary-based Cenovus Energy Inc announced plans to expand its headquarters in Dublin, Ohio which will add 115 technical and professional services jobs to the more than 1,200 Ohioans already employed by Cenovus. The move parallels Cenovus’ decision to invest an additional $1.5 billion in a pair of refineries that it operates in Toledo and Lima.”
The president has moved to impose steep U.S. tariffs on many goods from Canada. In April, Canada’s government imposed retaliatory levies on certain U.S. goods –– but it carved out exemptions for some automakers to bring specific numbers of vehicles into the country, known as remission quotas.
(connect2canada.com)
[ad_2]
Cody Thompson, Associated Press
Source link