Only 5% of our current merchandise exports go to the EU
News on the Net -- David Jacobs (@DrJacobsRad), Bio and Archives--March 18, 2025
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What the EU has proposed is a Carbon Border Adjustment Mechanism. If a country's carbon pricing is non-existent or lower than their carbon pricing, they will levy a carbon tariff on your products.
So, they're happy to trade, but they will add a carbon tariff to March their own.
Carney says that Canada must have a carbon tax on heavy industry, otherwise it won't be able to trade with the UK, the EU, or Japan.
— David Jacobs (@DrJacobsRad) March 17, 2025
He is lying.
What the EU has proposed is a Carbon Border Adjustment Mechanism. If a country's carbon pricing is non-existent or lower than… pic.twitter.com/5wjAySE9TA
Now, understand that only 5% of our current merchandise exports go to the EU.
Carney wants to turn our economy upside down and make it uncompetitive with our largest trading partner, the United States, in order to satisfy a non-obligatory carbon taxation scheme from a very minor trading partner.
Does that seem like a sound economic plan?
Clearly his focus is not on our economy, but on carbon taxation and net zero.
He is single minded and quite frankly dangerous to Canada's economic well-being.
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