Canada prepares counter-tariffs; Sask NDP says threat emphasizes need to focus on northern economy
Prime Minister Justin Trudeau says Ottawa is ready to retaliate if US president-elect Donald Trump slaps Canada with devastating new tariffs
Trudeau says his government “will respond” and “not hesitate to act” if it faces a 25 per cent across-the-board tariff on imports from Canada when Trump returns to the White House Monday.
Two federal government sources say there are multiple options for retaliatory tariffs ready to go.
Foreign Affairs Minister Melanie Joly is in Washington meeting with Republican legislators in the hopes the duties can be avoided arguing they damage both the Canadian and American economies. She told reporters that her US counterparts were “not only surprised” but “very worried” about the consequences of 25 per cent tariffs threatened by the incoming president.