In response to President-elect Donald Trump’s threat to impose a 25% tariff on all Canadian imports, Canada is formulating a comprehensive list of retaliatory tariffs targeting U.S. goods.
Potential Targets
The proposed Canadian tariffs may affect a wide range of American products, including orange juice, sinks, toilets, and certain steel items. This strategy mirrors Canada’s approach during the 2018 trade dispute, where tariffs were imposed on products like Heinz ketchup and Harley Davidson motorcycles to protect national interests.
Government’s Stance
Foreign Minister Mélanie Joly emphasized Canada’s readiness to respond decisively to U.S. trade actions, highlighting the importance of taking Trump’s threats seriously. Prime Minister Justin Trudeau echoed this sentiment, referencing past measures taken to safeguard the Canadian economy.
Upcoming Discussions
Joly plans to visit Washington to engage with U.S. officials, aiming to address the potential economic repercussions and seek a resolution that averts a full-scale trade war.
