Canada Plots Broad Tariff Retaliation If Trump Starts Trade War

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Fri, January 10, 2025

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Canada Plots Broad Tariff Retaliation If Trump Starts Trade War

^{Published on 2025-01-10 09:40:37 - MSN}

Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.

The article from MSN discusses Canada's preparation for potential trade retaliation against the United States if former President Donald Trump, who has expressed intentions to impose a 10% tariff on all imports if re-elected, initiates a trade war. Canada is considering a broad range of retaliatory tariffs, focusing on U.S. products like auto parts, pharmaceuticals, and consumer goods, which could significantly impact American exporters. This strategy is in response to Trump's previous trade policies, including the imposition of tariffs on Canadian steel and aluminum, which led to a tit-for-tat tariff exchange. The Canadian government is also engaging in consultations with various stakeholders to prepare for different scenarios, aiming to protect its economy while signaling to the U.S. the potential economic consequences of such actions. The article highlights the ongoing tension and the strategic planning by Canada to safeguard its interests in the face of possible aggressive U.S. trade policies.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/canada-plots-broad-tariff-retaliation-if-trump-starts-trade-war/ar-BB1rdwZL ]

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