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0 sats \ 0 replies \ @BlokchainB OP 29 Apr \ on: 2024 Year of Bridge Investments: Highlighted by 52,320 BTC Gordie Howe Bridge Construction_and_Engineering
Will Trump’s tariffs make a white elephant of Canada’s new bridge to Detroit?
Update!!!
Canada’s C$6.4bn Gordie Howe International Bridge linking Windsor, Ontario and Detroit, Michigan is due to open in September, but President Trump’s trade war on Canada could make it a white elephant, The Wall Street Journal (WSJ) has warned.
Construction on the 1.5-mile-long, six-lane bridge – named after the Canadian hockey star who played for the Detroit Redwings – began in 2018, carried out by a design-build consortium of Flatiron-Dragados, Aecon, and Fluor, with Aecom providing design.
That same year, Trump negotiated and signed the Canada-US-Mexico free trade agreement, which clarified the regulatory framework for, among other sectors, the three countries’ auto manufacturing industries, which are highly integrated across both borders of the US.
In March, after Trump’s oft-stated ambition to annex Canada, the number of trips Canadians made to the US by car fell 32%, CBC reports.
“You could end up in a scenario where Canada has footed the bill for a major bridge that ends up being a bit of a white elephant,” WSJ’s Monga said.