Canada Says Trump’s 50% Gordie Howe Profit Deal May Yield Little as Tariffs Mar Opening
Updated
Updated · Detroit News · Jul 24
Canada Says Trump’s 50% Gordie Howe Profit Deal May Yield Little as Tariffs Mar Opening
3 articles · Updated · Detroit News · Jul 24
Summary
Gregor Robertson said Friday the U.S. is unlikely to receive much from the Gordie Howe Bridge’s new 50% net-revenue split because early operating years will produce little profit.
The $4.54 billion bridge will take about 50 years of tolls for Canada to repay construction debt, he said, underscoring that upfront costs will absorb most revenue before any meaningful sharing.
Trump had touted the July deal as a renegotiation that won the U.S. half of profits for 15 years and blasted Canada for excluding American officials from the ribbon-cutting.
Canadian organizers scrapped the joint ceremony after Trump announced new 50% tariffs on some Canadian goods; the six-lane Detroit-Windsor span is due to open to traffic Monday.