Canada prepares to counter potential U.S. tariffs under Trump administration

Canada is preparing to respond to potential tariffs from the United States, as President-elect Donald Trump has threatened to impose them on Canadian imports. A government source indicated that Canada is compiling a list of U.S. products to target. Prime Minister Justin Trudeau emphasized the seriousness of Trump's statements, stating that he believes Trump intends to follow through. Trudeau recently spoke with Trump about trade and border security, highlighting the importance of cooperation for mutual prosperity. In 2023, Canada exported over Can$592 billion to the U.S., with nearly two million Canadian jobs reliant on this trade. Canada previously retaliated against U.S. tariffs in 2018 by targeting products from Republican-led states.