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Canada prepares retaliatory tariffs on US goods amid Donald Trump's 25% tax threat

Canada is preparing to impose retaliatory tariffs on U.S. goods in response to former President Donald Trump's threat to impose a 25% tax on Canadian softwood lumber imports. This potential trade conflict stems from ongoing disputes over softwood lumber, where the U.S. alleges that Canadian lumber is unfairly subsidized by the Canadian government. The Canadian government, under Prime Minister Justin Trudeau, has been actively discussing countermeasures, focusing on sectors that could pressure the U.S. into reconsidering its stance. These discussions come at a time when trade relations between Canada and the U.S. are already strained due to previous tariffs and the renegotiation of the North American Free Trade Agreement (NAFTA). The looming threat of new tariffs by Trump, who has a history of using tariffs as leverage in trade negotiations, has prompted Canada to strategize its response to protect its interests and maintain economic stability.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/canada-prepares-retaliatory-tariffs-on-us-goods-amid-donald-trump-s-25-tax-threat/ar-BB1rhduC ]