Initial countermeasures would target over $100 billion worth of US goods, according to Bloomberg
Canada is preparing to impose retaliatory tariffs on a range of US goods if President-elect Donald Trump enforces his proposed 25% levy on Canadian imports, according to officials familiar with the discussions.
Trump has announced plans to impose sweeping tariffs on Canada, Mexico, and China shortly after taking office next week.
The Canadian government has drafted an initial list covering approximately $105 billion worth of US goods that would face immediate retaliatory tariffs should Trump proceed with his plan, according to sources cited by Bloomberg and Reuters on Wednesday.
Potential targets reportedly include orange juice, steel, and other American products designed to inflict economic discomfort in the US while minimizing damage to Canada. The list may expand if the trade dispute escalates further.
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