TRADE WAR? WITH CANADA?

The United States recently increased a 19% tariff and penalties to 31.88% on imported Canadian softwood lumber. The U.S. wants to further increase this penalty. British Columbia residences propose retaliation by adding a 300% export tariff on Softwood lumber heading into the United States. Other proposals put forward to the Province of B.C. which controls B.C. Hydro is to limit or cut off Natural Gas and Hydroelectricity power to the U.S., which is expected to cause long term rolling blackouts down the entire west coast of the United States. Oil rich Alberta also affected by the softwood lumber penalties could join British Columbia to cease selling Oil to the U.S., as gasoline prices in U.S. would be expected to jump above $5.00 U.S. per gallon. Suffering U.S. airline industry would be expected to collapse, as jet fuel costs could double ticket prices. The domino effect on the U.S. economy would result in the worst economic collapse since the Depression.