Trump risks recession from tariffs: Doug Ford

“If we go into a recession, it will be called the Trump recession” Ford said in an interview with CNBC’s “Money Movers,” shortly after the U.S. president said he would raise tariffs on Canadian steel and aluminum imports to 50%.

Ford also threatened to shut off electricity exports to the United States if Trump continues the trade war.

“That’s the last thing I want to do,” Ford said. “I want to send more electricity down to the US, to our closest allies or our best neighbors in the world. I want to send more electricity.”

But Ford added, “Is it a tool in our tool kit? One hundred percent, and as he continues to hurt Canadian families, Ontario families, I won’t hesitate to do that. That’s the last thing I want to do.”

This is breaking news. Please refresh for updates.