Canada Ready To Strike Back: Retaliatory Tariffs On US Goods
Date
1/11/2025 8:14:44 AM
(MENAFN- Live Mint) Canada is exploring retaliatory tariffs on a range of American-made goods, including orange juice, ceramics such as toilets and sinks, and certain steel products. This action would be in response to US President-elect Donald Trump's threat to impose a 25-percent tax on all products from Canada.
Potential retaliatory tariffs and targeted goods
In addition to the previously mentioned items, Canada is considering tariffs on American glassware, flowers, and certain plastics, according to the senior source cited by The Globe and Mail. Ottawa, it said, aims to select goods in a way that minimises the impact on Canadian consumers while creating significant political pressure on US decision-makers.
The Globe and Mail citing a senior government source as saying that the list of retaliatory targets is still under development and has not yet been finalised. The news outlet said the source requested anonymity as they were not authorised to publicly discuss the matter.
According to the news publication, Canada is considering releasing the full list of proposed targets early to inform American businesses about the additional costs they would face if the US initiates a trade conflict with Canada. This move, it said, would signal Ottawa's determination to respond if Trump proceeds with his tariff plans .
Trump threatens 25% tariff on Canadian goods, suggests Canada become the 51st state
President-elect Donald Trump has announced plans to impose a 25% tariff on all products imported from Canada as one of his first actions upon assuming office on January 20. The tariffs, Trump stated in a post on his Truth Social platform, are intended to pressure Canada to take stronger actions to prevent the entry of illegal immigrants and drugs, including fentanyl, into the United States. The tariffs will remain in place until the US borders are fully secured, he emphasised.
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