7 sources·Business

Canada Prepares Retaliation Against Trump's Proposed Tariffs

Canadian officials are considering significant retaliation, including energy export cuts, against President-elect Trump's proposed tariffs on Canadian goods.

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Updated: Dec 13th, 2024, 6:36 PM ET

Summary

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In response to President-elect Trump's threats of a 25% tariff on Canadian exports, Ontario's Premier Doug Ford has threatened to cut energy and mineral exports to the U.S. Ford indicated that if Trump's tariffs are implemented, Ontario could restrict energy supplies, impacting 1.5 million Americans. Other retaliatory measures may include halting U.S. alcohol imports and changing procurement processes. The situation highlights a potential trade war, with differing opinions among Canadian provinces on how to respond, amid ongoing diplomatic discussions to prevent escalation.

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