Canada considers tariffs on U.S. goods in response to Trump's trade threats

Canada is considering retaliatory tariffs on U.S. goods in response to President-elect Donald Trump's threats of sweeping tariffs on Canadian products. A senior official stated that Canada is preparing for various scenarios, but no decisions have been made yet. Trump's proposed tariffs include a 25% tax on imports from Canada and Mexico, aimed at addressing issues related to drugs and migration. He recently claimed to have had a positive conversation with Mexico's new president about migration control, but it remains unclear if this affects the tariff threat. Canadian officials argue that linking Canada with Mexico in this context is unfair. They emphasize the importance of trade between the two countries, with significant daily exchanges of goods and services. Prime Minister Justin Trudeau held an emergency meeting with provincial leaders to discuss a united response.