Canada Readies Tariffs on $105 Billion of US Products
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Canada has drawn up an initial list of C$150 billion of U.S.-manufactured items that it would hit with tariffs if President-elect Donald Trump decides to levy tariffs against Canadian goods, according to a person familiar with the matter.
The list is a draft and would come into play only if the Trump administration moves first, the person said, speaking on the condition that they not be identified discussing the plans. More tariffs from Canada might be added later depending on what the U.S. does, the person said.
Prime Minister Justin Trudeau and the premiers of Canada’s provinces met in Ottawa on Jan. 15 to plot a strategy for dealing with U.S. protectionism.
RELATED: Trump Tariff Threat Rippling Through Canada Oil Sector
Premiers of 12 of the 13 provinces and territories agreed to a statement saying they would “work together on a full range of measures to ensure a robust response to possible U.S. tariffs.” But Alberta Premier Danielle Smith balked, saying she couldn’t agree to two ideas that have been floated — placing export taxes on the province’s energy exports, or reducing those exports.
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